Narendra Modi asked Vladimir Putin to stop the war in Ukraine. Putin has been bombing Ukraine for over two years. Modi decided now was the time to ask nicely.
The timing connects to U.S. tariff threats on Russian oil. India buys Russian oil at a discount because Western sanctions made Putin desperate for customers. Modi enjoys cheap energy while lecturing about peace. That's called diplomacy.
Retail traders saw this headline and immediately checked their energy sector ETFs. They panic-sold at 9:31 AM. They panic-bought at 9:47 AM. They will panic-sell again tomorrow when they remember geopolitics exists.
Putin will not end the war because Modi asked. Modi knows this. The U.S. knows Modi knows this. Everyone involved understands this is theater. Except Dave from Minnesota who just opened a Robinhood account and thinks this headline means something about his three shares of BP.
The war continues regardless of phone calls. Oil prices move based on supply and demand. India will keep buying discounted Russian crude. American tariff threats will or will not materialize based on factors that have nothing to do with technical analysis or your ability to read a candlestick chart.
None of this information helps you time the market. The MACD crossed over. The RSI hit oversold. Your system generated a buy signal. The war in Ukraine did not consult your system before starting and will not consult it before ending.
Modi made his statement. Putin nodded politely. The U.S. threatened tariffs. Your portfolio dropped two percent because you bought calls on geopolitical stability.
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