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The Ukraine War May Have Triggered a Lasting Bear Market
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fnlondon.comPhillip Toews is the CEO of Toews Asset Management.
If historical precedent offers any guidance, the currently high valuations of the S&P 500, which remain elevated even after recent declines, mean that a prolonged bear market is likely in the near future. Furthermore, the Russian invasion of Ukraine may guarantee it. A comparison between the Iraqi invasion of Kuwait 32 years ago and the current conflict in Eastern Europe may help illustrate why.
Iraq...
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