Investors have been advised against reacting emotionally to US President Donald Trump’s recent comments about Ukraine being on the verge of a “World War III.” Richard Steinberg, chief market strategist at Focus Partners Wealth, stated that investors should take a step back and assess the situation calmly. The US-Ukraine meeting in the Oval Office was intended to discuss a potential minerals deal and peace talks with Russia.
Trump’s comments caused tension to rise, prompting shouting and Ukrainian President Volodymyr Zelensky to leave early from a planned news conference. Steinberg believes investors should resist making rash decisions based on emotional responses, instead taking time to evaluate the market conditions and economic trends. He also advised against derisking during this time, emphasizing the importance of careful analysis over knee-jerk reactions.
Source: https://www.marketwatch.com/livecoverage/stock-market-today-dow-s-p-500-nasdaq-set-for-cautious-start-ahead-of-key-pce-data/card/investors-should-avoid-knee-jerk-reaction-to-world-war-iii-comments-from-white-house-says-strategist-ZcJNmV3wgJ0nEm1myQds