Markets up big on hope of end to conflict


https://www.marketwatch.com/story/dow-futures-jump-more-than-400-points-on-hopes-for-russia-ukraine-talks-11646822544?mod=home-page

“Wednesday’s climb comes ahead of a Thursday meeting between Russia’s and Ukraine’s foreign ministers in Turkey, as Reuters reported, with analysts looking at an apparent thawing of positions. Ukraine President Volodymyr Zelensky said he is no longer pressing for NATO membership, one of Russia’s stated reasons for its invasion. Reports also have indicated that Zelensky is ready for a diplomatic solution to the hostilities sparked by Moscow’s unprovoked invasion of Kyiv.”

So do we really think this is a sign of progress or just false hope? Or possibly just a dead cat bounce and the media looking for an explanation? I have my finger on the trigger to buy some commodity and fertilizer stuff…


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