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The Ukraine War May Have Triggered a Lasting Bear Market
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Phillip Toews is the CEO of Toews Asset Management.
If historical precedent offers any guidance, the currently high valuations of the S&P 500, which remain elevated even after recent declines, mean that a prolonged bear market is likely in the near future. Furthermore, the Russian invasion of Ukraine may guarantee it. A comparison between the Iraqi invasion of Kuwait 32 years ago and the current conflict in Eastern Europe may help illustrate why.
Iraq...
Read more on fnlondon.comAbout this in other media
'The million dollar question': Ukraine war poised to take centre stage at tense EU-China summit euronews.com /2 years ago
Ukraine war live: Mariupol evacuation falters, as Russia builds up for new offensive euronews.com /2 years ago
Ukraine war: 'Russian units are not withdrawing but repositioning', says NATO chief Jens Stoltenberg euronews.com /2 years ago
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