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Russia’s invasion of Ukraine is the first time a European sovereign state has invaded another since World War II and has brought turmoil, uncertainty, and fear for already-volatile markets in the U.S. and around the world. However, shocks to markets due to geopolitical events, while having pronounced immediate impacts, have historically not had long-term effects on markets, explains Mark Hackett, chief of investment research for Nationwide’s Investment Management Group in a recent blog post for Nationwide.
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