As EU Stocks See Record Outflow, One Strategist Rules Nothing Out
European equities were on track for their first weekly gain since the start of the war, but outflows from regional shares hit a new record.
Almost $14 billion fled EU equity funds over the latest reporting period, the biggest outflow ever (figure below).
The latest exodus came on the heels of a huge outflow the previous week. The four-week moving average is now the lowest in recent memory.
Equities were a mess over the past five sessions, as hair-trigger algos scanned war headlines for "id
Aside from perhaps an errant long range missile, the likelihood of a military assault beyond Ukraine is increasingly unlikely. Russia’s abject failure from a military perspective has changed Putin’s calculus both from Russian capabilities and Putin’s understanding of how far the west would let him go on bluster alone. The myth of Putin’s military prowess has been burst. The only thing he has left is Putin the madman, Putin the war criminal.
I watched the Frontline interview with Julia Ioffe (Russian born, American journalist and founder of “Puck”) that a commenter on this site posted a link to yesterday. Definitely worth the time to watch. Her insights into Putin are very interesting and make a lot of sense. He is very isolated, delusional snd everyone close to him is scared to do or say anything that goes against what Putin wants to do or wants to hear.
Hopefully, someone in the Russian military puts Putin in his place and the oligarchs go running into hiding throughout the world- similar to the high level Nazis after Hitler committed suicide at the end of WWII.
Unfortunately, if Putin committed suicide he’d insist on taking a couple of million people with him.
Agreed. Our best hope for humanity is a military coup d’etat.
Isolated, delusional and never more dangerous than now.
I tend to agree with you that an assault by the Russians elsewhere is unlikely, it’s been reported that he is committed a 100% of Russian forces that were previously sitting on the border of Ukraine. I have not heard this anywhere, but the West could create a strategic diversion by admitting Finland and Sweden to NATO with immediate effect. I don’t fully understand the nuts and bolts of how this could happen (as I believe it’s a lengthy process), but it would send a further clear message to Putin.