Michael Wagner Discusses Potential Economic Impacts of a Russian Invasion in Ukraine on Money Life with Chuck Jaffe
As tensions rise between Russia and Ukraine, many wonder what impact an invasion could have on domestic investors and consumers. Omnia Family Wealth Co-Founder and Chief Operating Officer Michael Wagner gave his take in a recent podcast episode of Money Life with Chuck Jaffe.
As well as the obvious economic impacts, such as the rise in oil prices and effects on the supply chain, Wagner stated that we could see generalized volatility and potentially more pressure on emerging markets, although the extent of this pressure is unclear as emerging market equities are currently positive for the year.
Wagner told Jaffe, “Regardless of the outcome of what we have in Ukraine, whether there is a full or partial invasion, or if Russia just packs up and goes home, we think you’re going to see a return to volatility in the market to the extent that we haven’t seen in several years.”
They also discussed the potential opportunities that could arise for investors despite the global uncertainty and international destabilization. “There may still be a lot of opportunity in the defense sector. When you have this global uncertainty, it tends to mean good business for your defense contractors, the people building the guns and weapons that could, unfortunately, be put to use.”