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What do tycoons like Elon Musk, Bill Gates, Mark Zuckerberg, and Tim Cook have in common? All of them, besides being the visible heads of their respective companies, are clear examples that the United States continues to maintain its global supremacy.

The world, and especially Europe, is confronting strategic challenges with medium-term and long-term consequences that could be very significant.

The break due to the Easter holiday did not sit well with the markets. Getting back to the routine is proving to be an uphill battle for many indexes, whose declines so far have not erased the increases in March.

The first quarter of 2022 started out poorly for equity investors, with the S&P 500 declining by 11% during the first 16 trading days of the year and recording 35 down days for the quarter.

The conflict in Ukraine is a severe short-term adverse impact, but it also marks the end of the long-term trend.

According to Mark Twain, October is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February, i.e., every month.

Following the outbreak of the war in Ukraine, Western countries unanimously unleashed sanctions on the Kremlin, ranging from restricting seven Russian banks from accessing SWIFT and blocking the transfer of euros to Russia, to restrictions on industry and trade.

Two years into the coronavirus pandemic, the world is facing a new negative external shock following Russia’s military invasion of Ukraine.