Peter Berezin, chief global strategist at BCA, wrote: “Despite the risk of nuclear war, it makes sense to stay constructive on stocks over the next 12 months.
He concluded: “The risk of Armageddon has risen dramatically. Stay bullish on stocks over a 12-month horizon.” Mr Berezin said: “If Putin concludes that he has no future, the risk is that he will decide that no one else should have a future either.”