Headlines remain fast changing.
But sentiment improved early Friday after news Secretary Blinken had agreed to meet Russian foreign minister Sergei Lavrov next week.
The European Union would also suffer sizable consequences, given that Russian energy accounts for nearly 40% of its gas imports and 30% of its oil imports.
As such, investors with diversified portfolios and a long-term investment plan should be well prepared for an eventual relaxation of geopolitical tensions as in our base case, as well as better able to withstand setbacks from our risk-case scenarios.
Energy prices would likely rise in the event of an escalation in the situation, and regardless of the situation in Ukraine, we expect oil prices to rise further this year thanks to rising demand and somewhat constrained supply.
We would also expect value sectors to outperform growth sectors, such as technology, which face the greatest headwinds from rising rates.
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