Good morning lads.
A few things of note this morning.
TGT profits were halved, likely due to all of the looting and fuckery. Shares are on pace to endure its second largest single day decline ever, first was during market crash in 1987. The sympathy trades for this are far and wide. COST shares are off by 6% PM.
WTI and natural gas are bid higher, as the EU formulated a scheme worth $350b to remove themselves from Russian energy. The catch: it doesn’t take place until 2027.
On the war front, it seems the Russians might’ve lured Ukrainian forces north for a border pole selfie —- because those forces are now entreated to withering assaults and progress for the Russian army is hastening in Donbas. Things appear to be accelerating and it doesn’t look great for NATO.
Russia also expelled French, Italian, Spanish, and Finnish diplomats.
NASDAQ Futs are down more than 200. I told you not to get hooked. It’s over.If you enjoy the content at iBankCoin, please follow us on Twitter