Equity indices failed as I was expecting on Friday, but not necessarily for the reason that I was expecting, as it may have been primarily a news reaction to the alert from the US government that Russia is preparing to invade Ukraine within the next few days.
These came as unexpected news to many, possibly including the Russian government, which has requested that the US expand on this news further, and it may not be true of course, but either way there is a huge two-way news risk that will hang over the next few days and could deliver large moves in either direction.
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