Transcript:
Tom Vaughan:
Everybody, welcome to Monday, the S&P 500 was down point 4%. Today, actually start off down in the morning and then rally back up. Most of the indexes got into the positive territory today. And then kind of fell at the end, had some, you know, back and forth news about what was happening with Russia and Ukraine was the biggest driver today. And at the end of the day was the announcement that the US was moving out of their embassy in the capital of Ukraine. So, you know, that was seen as a negative in terms of what might happen there. So it’s very difficult to tell what might actually happen. Whether this is just political ploy, or this is really something where they’re going to invade Ukraine. And then of course, it’s difficult to tell what that means, especially to the stock market, I will say for almost certainty in almost every one of these types of conflicts that have happened in the past, the market does drop initially, historically, we’ve seen it come back very quickly also, because generally speaking, it’s not a economic event. This scenario does include a, you know, problem with the possibility of gas and oil, especially going into Europe. But we’d had that same thing and desert storms, where we had oil as a component and even saw some big run up to the price of oil before that happened. Yet the stock market went up in both of those. So you don’t have to wait and see how this plays out. I would say that if you look really closely today, the market didn’t move down that dramatically based on what was happening with this news. So I don’t know that the market is that worried about what’s happening right now, but we’ll have to wait and see what goes on. So look forward to talking to you tomorrow. Thank you very much.