Stock Market Today: Tough Times Ahead

March 1, 2022, 11:39 am EST

Tough Times Ahead

Putin decided to intensify its attack on Ukraine regardless of sanctions from European countries and US. Miles-long tanks are entering toward Kyiv that made tough time ahead both to Ukraine citizens and almost everyone on this earth. 

Oil price jumps 10% to $106 which is a new 7-year high. Almost all commodities from energy to basic materials and agriculture are shooting to the sky to make inflation much worse in 40 years. Needless to say, the tough actions of Russia and the weak responses of western parts work together to create big trouble that none of us had experienced before. Indeed, potential nuclear wars and hyperinflation remind us to be prepared for many tough times ahead. 

The stock market shows many red colors except on energy, defense, and a few consumer staples. Please stay defense.

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