World Economic Forum, CC BY SA 2.0
Stocks Reach Record High on Vladimir Putin’s Comments on Ukraine Situation (Bloomberg)
Russian President Vladimir Putin made comments today indicating that the current crisis in the Ukraine will not immediately escalate, leading investors to push stocks from yesterday’s loss to yet another record high. “On a very short-term basis, everything you’ve seen in the market has everything to do with the Ukraine,” Kevin Caron, a Florham Park, New Jersey-based market strategist at Stifel Nicolaus & Co., said. “But over last 2 weeks, the market has moved higher with the exception of yesterday. The bet has been made that the economy continues to expand and most of the disruption we’ve seen has been from the weather.”
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