A veteran investment chief and former Moscow reporter says markets are pricing in at least another year of Russia's war in Ukraine
As Russia's war in Ukraine passes the one-year mark, markets are already pricing in at least another 12 months of conflict, according to Rhys Williams, the chief investment officer of Spouting Rock Asset Management.
"This is an existential war for Putin," he said."It may not be in Russia's interests to continue, but Putin is all in.""I don't think either Russia winning or Ukraine winning is priced in, and I'm not sure which would be worse from a market point of view," Williams said."We can all root for Ukraine, but from a markets standpoint, if Ukraine starts to win that raises the risk of tactical nukes and China getting more involved.
He doesn't expect a steep sell-off in stocks like last year, but instead says equities will be mostly flat as companies are more fairly valued now after 2022's rout. Defense stocks could climb higher amid expectations of a prolonged conflict, Williams noted, and every country will likely increase defense spending in 2023, especially those close to Russia and China.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Russia-Ukraine war: Key events in the year since Russia invaded UkraineOne year into the Russian invasion of Ukraine here is a timeline of events marking various stages throughout the war.
Leer más »
TUCKER CARLSON: Russia's invasion of Ukraine was the endpoint of a much longer storyFox News host Tucker Carlson warns that if Russia's invasion of Ukraine continues, the U.S. will ultimately lose and the world order will be reshuffled, with the U.S. no longer being at the top on 'Tucker Carlson Tonight.'
Leer más »
Russia-Ukraine live updates: Putin suspends key US-Russia nuclear treaty in speech denouncing WestThe demolition of a severely earthquake-damaged building in Turkey turned into a rescue operation when two cats were spotted inside. Both cats were reunited with their owners.
Leer más »
Russia-Ukraine live updates: US announces fresh sanctions targeting Russia'The world has watched in horror at all the unnecessary suffering inflicted upon Ukrainians.' King Charles pays tribute to Ukrainians' 'truly remarkable courage and resilience in the face of such human tragedy' as he marks one year of conflict in Ukraine.
Leer más »
Russia-Ukraine war: A year in Ukraine, a nation devastated by war: Reporter's notebookREPORTER'S NOTEBOOK: 'This is a country of heroes, of victims, of fighters, volunteers, mass graves and war-torn towns. It is a nation devastated by war and a people whose lives have changed indelibly.' via IanPannell
Leer más »
Russia-Ukraine war anniversary: Ukraine remembers ‘hardest day’ as U.S. announces $2 billion in assistanceAt a press conference in Kyiv to mark the one-year anniversary of the war, Ukrainian President Volodymyr Zelensky spoke about disappointments and mistakes:
Leer más »