Currently the headlines and media describe the problems occurring in Ukraine and Russia. Often it seems we are on the verge of war or a return to the Cold War. However, outside of the media Europe seems to be acting as if business as usual. France, Germany and Great Britain continue to sell arms to Russia. A downed jet or two will not get in the way of billions of dollars in arms sales.
Even the Netherlands are backing away from major sanctions. That leaves the United States alone to whip Russia and as we have seen with Syria, the current administration is more bluster than action. As a result, investors can assume that outside of sanctions that probably have little effect on Russia, nothing too strong will happen and the beat keeps going.
