The ASX200 looks set to open back above 7150 this morning following a very strong Friday night close on Wall Street, especially when we consider the invasion of the Ukraine by Russia, a move that almost every country staunchly opposes. Destabilising tariffs & banking actions have already commenced and its hard to imagine them evaporating in a hurry even if Russia starts withdrawing this morning, the global dependency on Russia / Ukraine for the likes of natural gas, oil, wheat and aluminium to name a few is likely to maintain upward pressure on global inflation – just when many fear it will cause the end of the post GFC bull market for stocks i.e. its easy to comprehend ongoing volatility through 2022.
MM is mildly bullish the ASX200
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