DIP BUYERS STEP IN TO BUY THE MARKET ON TOUGHER SANCTIONS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Tougher Sanctions
Please click here for a chart of S&P 500 futures (ES_F).
Note the following:
- There was a rally in the stock market on Thursday and Friday last week on the following assumptions:
- Sanctions on Russia were weak.
- Russia would capture Kyiv quickly.
- Over the weekend, both assumptions turned out to be wrong.
- Tougher sanctions were imposed including the banning of certain Russian banks from the SWIFT banking system.
- Ukrainians have managed to hold on to Kyiv and other major cities.
February 28, 2022