U.S. stock futures opened sharply lower on Sunday night following the news over the weekend that Russia had moved military forces into Ukraine to occupy the Crimean peninsula. The strong initial reaction by stock investors to the news in Ukraine raises an important question. Exactly how should we reasonably anticipate the U.S. stock market to react in the coming days as the situation in Ukraine unfolds? While today’s situation is defined by its own unique circumstances, recent history is instructive in providing us guidance as to what we might expect.
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