What to Worry About
Every now and then markets hit a serious wobble that forces the question: What is going on? And what should we do about it?
It was a week where Russia launched a massive drone attack on Kiev, and Israel killed a Hezbollah leader in Lebanon and (allegedly) a Hamas leader on Iranian soil. While the war in Ukraine seems to have ground to a bloody stalemate, the fear of an escalation in the Middle East remains real. Wars are tragic and doubly as people in other parts of the world quickly forget about them when they are not directly impacted. This conflict affects the oil price which can impact the global economy negatively. However, it remains within its trading range of the past few years and does not pose a big risk at current levels.