Stocks rallied because the market believes the West is going to issue some bluster and hashtags, but not actually do anything about the Ukraine. So business as usual.
Stock in Europe and Asia are still down considerably. I am guessing its more about world dollars coming to the only stable market left, the US, despite our problems here.
“Stocks rallied because the market believes the West is going to issue some bluster and hashtags, but not actually do anything about the Ukraine. So business as usual.”
^^^ This. The market turned with Biden’s speech. It was obvious to anyone listening that Biden’s sanctions are as phony as a three dollar bill. Nothing actually disruptive, so business as usual.