Beware Of When The Smoke Clears

Could a long-awaited “peace dividend” turn into a “sell the news” moment?

It’s a comforting thought: once the world’s flashpoints cool down—Ukraine, Russia, the Middle East, trade disputes with China—markets will finally have the clarity they need to launch into the next leg higher. The logic is simple: fewer headlines, less uncertainty, more risk appetite. Right? Maybe not.