As the markets are set to move higher this AM because of easing Ukraine tensions, we are obligated to talk about the impact of geopolitics on the markets. As we said “not to panic” in our last blog because of non-fundamental geopolitical reasons (market is up 2.5% since the last blog), we urge people not to get suckered in because of geopolitical reasons. Non fundamental events tend to effect markets in the short term, not the long term. As we open higher today and we get closer to 2000 on the S&P, we believe that anything over that price would indicate a short term overbought condition in the equity markets.
You can follow Granite Group Advisors on LinkedIn and learn more about our Corporate Retirement Services and Wealth Management on our Website.
