Russia took center stage once again last weekend as Vladimir Putin faced a short-lived challenge from Yevgeny Prigozhin, who has collaborated with Putin for many years. Prigozhin is a former Soviet convict who founded the Wagner private military company. This private military group played an important role in Russian’s invasion of Ukraine.
How does this impact markets?
View the 3-minute video below where Kara Murphy – Kestra’s CIO – touches on potential influences this could have on the market. One noteworthy point is that US markets can remain somewhat insulated from geopolitical events. Barring significant developments in Russia – US markets will likely focus instead on interest rates and economic cycles.
Please let us know if you would like to discuss.
Matt and Andrew