Still out at the moment and my watchlist is still lower than when I last sold.
Feels like the immediate 'bad news' regarding the conflict and sanctions is priced in already....but I'm not sure the world is really coming to terms with the longer term issues looming from the food supply chain. There are all sorts of knock-on effects that could come from it, from simply a worldwide recession from reduced consumer spending, to civil unrest/migration in areas suffering from food poverty (particularly ME/Africa).
Feels like the immediate 'bad news' regarding the conflict and sanctions is priced in already....but I'm not sure the world is really coming to terms with the longer term issues looming from the food supply chain. There are all sorts of knock-on effects that could come from it, from simply a worldwide recession from reduced consumer spending, to civil unrest/migration in areas suffering from food poverty (particularly ME/Africa).