War in Ukraine Has Investors Thinking About a Second Cold War
The New York Times
Military conflicts have not been a major factor in market movements for decades. But Russia’s invasion of Ukraine has put global relations back on investors’ minds.
Since the fall of the Soviet Union, investors have enjoyed decades of global economic stability in which military conflicts and foreign diplomacy played a diminished role in the movements of markets.
But Russia’s invasion of Ukraine is the most overt sign of a recent change in that dynamic as increased jostling among powerful nations will have sweeping consequences for investors.
The largest military conflict in Europe since World War II — combined with simmering tensions between the United States and China — has investors watching shifts in international power dynamics more closely than they have in a long time.
