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The long and short of it is that geopolitical conflicts are a lot more frequent than we might like to admit and the market always overcomes the short-term turmoil.
How the Fed responds will be interesting. My guess is that they’ll raise rates less than previously expected because the war has the potential to cause so much uncertainty.
I am always an advocate of global diversification and all-weather style portfolios, but I think it’s more important than ever to adhere to this style of asset allocation.