July 1, 2022

Happy Wednesday, readers. 

As things escalate between Russia and Ukraine, many big names on Wall Street aren’t bracing for a lasting negative impact on the market. Meanwhile, there’s a quiet consensus among financiers that 2022 will be a brutal year amid a tectonic shift in economic policy.

Let’s jump in.

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Ukraine Tochka-U missile

Ukrainian OTR-21 Tochka-U missile systems in Ukraine’s Independence Day military parade in Kyiv, August 24, 2016.

REUTERS/Gleb Garanich

1. Prominent Wall Street gurus don’t seem to be sweating the Ukraine crisis. Markets have already priced in “a lot of the bad news”, according to Morgan Stanley’s Mike Wilson. In a Tuesday note, he wrote that…

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