, Columnist
Factor In Poor Sentiment to Size Up Ukraine Crisis
Cash may be king for now. Plus: Moderna’s arc and the truckers’ blockade, and musings on “exorbitant privilege” in language and currency.
How would markets behave after a big geopolitical surprise in Ukraine?
Photographer: Sergei Supinsky/AFP/Getty
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Financial markets have little sense of direction as everyone waits to see which way Vladimir Putin moves his troops currently massed on the border with Ukraine. Stock and bond markets oscillated throughout the day in response to snippets of news, and the NASDAQ Composite index managed to close unchanged for the day.