Despite the war, equities staged a large rally late last week, but I believe it will be short-lived.
There isn't much reason to chase things higher while there is still a substantial risk of negative developments.
When India reports GDP later today, the numbers won't factor in the future heavy cost to the country of higher oil prices.
Further bouts of volatility are likely, but conditions have improved for upside movement.
Why are people buying stocks against the backdrop of the biggest European conflict since 1945?
The market seems to have discounted the worst at this point which is helping to provide support.
It's a decent environment to find situations where market punishment does not fit the crime.
As the market selloff shows, Asia will not escape the Russia-Ukraine war's effects.
The positive news is that the worst stocks are the ones showing the best relative strength.
News of the Russian invasion of Ukraine turned into a 'buy the bad news' opportunity Thursday.