Well, that bout of anxiety didn’t last long.
Just a day after global markets recoiled at the sight of Russian troops in Ukraine and observers expressed concern over the possibility of broader tensions between Russia and the West … poof! Someone hit the reset button.
The S&P 500 jumped to a new record high of 1,873.91, up 28.18 points or 1.5 per cent, its biggest rally of the year and more than erasing Monday’s 14-point dip. Germany’s DAX index, which just suffered its worst dip in two years, rebounded 2.5 per cent.