February 28, 2022

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.