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Opinion
John Authers

How ‘Ukraine Fatigue’ Is Taking Over Markets

The attitude seems to be that this war can be safely ignored if it turns into a long grind of attrition. That’s a mistake.

A Ukrainian multiple rocket launcher fires at Russian troop positions near Lugansk, in the Donbas region.

A Ukrainian multiple rocket launcher fires at Russian troop positions near Lugansk, in the Donbas region.

Photographer: Anatoly Stepanov/AFP/Getty

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Covid fatigue is now a widespread affliction. The pandemic has been a lead weight on our way of life for more than two years, and unsurprisingly people no longer want to talk about it. Most of us wish to get on with our lives as if the coronavirus has been vanquished, even though we know in our hearts that it hasn’t. This is how Google Trends searches for Covid-19 have moved since March 2020, in the U.S. and worldwide: