But the U.S is not actually in this War if there actually a war and it has to do with a super power so that complicates things so there's no simple answers.
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My belief unfortunately is that there will be a war between Russia and Ukraine even though Putin says it's only "peacekeeping".
How the market reacts right now is unpredictable.
Usually U.S market will discount a war that it's in before hand and rally when it actually starts.