I have a few theories…

1 — no one really gives a shit about Ukraine (it’s all virtue signaling anyway), and has bought the scare.

2 — the large hedge funds, banks, and the usual Pelosi-types already bought the crash after shaking out all the retail investors due to the Russia, Russia, Russia insanity in the media.

3 — covid is now the thing of the past, the Fed has been given the ‘out’ to raise interest rates, so retail are now buying back into the market

BUT … the oddity is both Gold and BTC is up by a very large amount.

Gold +1%

BTC +10%

All this in the backdrop of sanctions and the cutting off of Russia from the DS financial system.