February 15, 2022

By Nigam Arora & Dr. Natasha Arora

Sharp Rally

Please click here for a chart of  S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• In the Afternoon Capsule we wrote:

Be mindful of a potential sharp rally if tensions with Russia de-escalate.

• The call is proving spot-on as a sharp stock rally took place in the early trade on de-escalation with Russia.
• Putin is masterfully playing the game.
• Russia is claiming that several military units are returning to base as the drill is complete.
• NATO says that they are not seeing signs of a pullback.