Russia’s Game of Thrones, Small Caps’ Big Gains, and Legacy Media Meltdown 6/26/23
The Exchange
00:00
The Impact of the Ukraine War on the Global Asset Picture
The way to invest based on the Ukraine conflict has been to fade risks. The problem now is that it's very difficult to find any part of the global asset picture where there's any geopolitical risk premium left. As far as the market is concerned, the Ukraine war has been over since September. And so I think even though I may have a sanguine view of where Ukraine and Russia go for the next six months, it doesn't really matter because the risk is through the downside.
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