Sanctions!

I’m not gonna elaborate more on the sanctions right now because it is pretty obvious what they are: Cut off Russian access to financial markets. But, the elephant in the room: Russian energy commodity exports, what’s going to happen to them?

Moving forward: Until Ukraine explicitly agrees not to join NATO, this fracas is set to continue.

What should we do? It is extremely difficult to trade political risk unless you have insider information, so just sit back and enjoy the show! At the end of the day, the bigger picture is hawkish fed and when inflation will begin to recede in the US. Also, when the US and EU begin to pay more attention to energy safety and securing adequate fossil fuel supply during the transition to renewables.