A little news blurb just crossed the wires from head of NATO Jens Stoltenberg, who said Ukraine will be accepted into NATO after the war ends.
I think it’s fair to say the war against NATO via Ukraine went towards the worst case scenario for Russia but now they have a much larger task in front of them. Lose the war and lose your country. It’s really that simple. If Russia cannot win, Ukraine will host NATO nuclear weapons inside 5 years and will forever be lost. In other words, this war isn’t ending any time soon and the only reason why Russia isn’t directly engaging with NATO is because they’d rather not have to deal with its airforce and naval assets.
Markets are middling and look to want to tip over. The massive movers are Chinese stocks. Who knew all they need for 15% gains was another lockdown and riots.
I’m up 55bps early going and placed a UVIX hedge on just in case we flush.If you enjoy the content at iBankCoin, please follow us on Twitter