The Russian invasion of Ukraine has begun. Unsurprisingly, markets are falling around the globe. The S&P 500 had already declined 10% from its recent highs as the drumbeat of war grew louder. Now the war is here.
As I write this note Thursday morning, futures markets suggest the U.S. stock market will open down more than 2.5%. The selling today may become "disorganized" during the day as people try to raise cash to protect their portfolios. While it is tempting to follow the crowd, today's market action may actually mark the end of the correction just as the start of war has done in the past.
So I would suggest doing as little as possible today when it comes to your portfolio.
And pray for the people of Ukraine...