Ukraine Invasion Begins
ALL WARS ARE BANKERS WARS
As what has been on everyone’s radar over the last few weeks is now fact, as Russia has begun tactical military strikes within Ukraine
Here from Zerohedge-
Putin announced the Russian military action to 'demilitarize' Ukraine." And further he provocatively asserted:
"We decided to launch a special military action [...] aimed at demilitarization and denazification of Ukraine."
Just like that the trap door of any sort of equity bounce has now open and more importantly puts the global central banks against even bigger odds as the price of energy will undoubtedly explode. About those sanctions…oh yea…as we stated yesterday, the bombs don’t care about no stinking sanctions. Putin smells weakness and as we have stated all along, it was only a matter of time. As always when it comes to disheartening acts such as war, the people always bear the brunt of all of this and our thoughts and prayers are with all the Ukrainian people ProRussia or not, we are all human and until mankind realizes peace is the only path, well pain and suffering will always transpire.
As far as the markets well today was a complete reversal in equities and now we know why. Last night they had a promising European session then 5am hits and all goes to hell. Well now we know why and now with the SP500 below 4225 the next logical stopping point will be the 3802 area. We would not be long this market unless we can trade down to that area.
As for the Nasdaq, its the weakest link as it should because its outperformance was way way out of bounds and now the 0.382 is near by for the NQ futures and backed up by the 2020 year end settlement as a full year of gains wiped out now…Real support is another 3000 ticks lower at 10507 and yes we are serious:
As far as the big winners obviously energy, metals and bonds. Crude up some 4.5% but RBOB +8.8% the real winner! Check out decadal highs in sight. We know the power of 0.786 levels and we are trading above that 2.93 area and with war all bets are off:
As far as Crude, we are targeting $118 now:
Gold has now firmly broken 2011 highs and is on track to trade up to $2000:
US Govt yields plunging as the 10Y US yields are down 9 basis points back below 1.90%:
We know the response and it is sanctions and during winter we also know the importance of Russian gas, so with that said, well we can only sense that there will need to be a more tactful response than just sanctions. There is so much more at stake then Ukraine, this is a very dangerous situations and if you ever read or listened to All Wars are Banker Wars, well you should, a lot of correlations to what is going on now with devaluation or what most are seeing as inflation. Well if you haven’t listened, well you are welcome, we have the link, please educate yourself because this is exactly what we are dealing with! Michael Rivero All Wars are Bankers Wars
Till next time…
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