Over the weekend we saw perhaps one of the largest developments in Russia since the invasion of Ukraine in early 2022. The mercenary Wagner group, which has fought in Ukraine on the side of Russia throughout the Ukraine war, began advancing towards Moscow in what soon became apparent as a coup d’etat against the Russian leadership.
Markets don’t typically react positively to news of uncertainty, particularly news which concerns Russia. Immediately following events, in reaction to this uncertainty, markets saw flows into safe haven assets such as Gold and Treasuries. However almost as soon as news had filtered through to the West, an apparent agreement had been reached by the two sides. We can expect commentators to put forward a variety of opinions in the coming weeks, but for individual investors it is important to stick with the plan and avoid emotional decision making. Attempting to time the market should be avoided and investors should focus on a disciplined investment approach based on long term goals.
As always, if you wish to discuss anything in further detail, please do get in touch.