Until recently the market had largely ignored the growing crisis in Ukraine but that appears to be changing. As the situation intensifies investors are paying closer attention and adjusting their investment strategies accordingly.
In Ukraine, people are dying on the ground while the U.S. and Russia have been ratcheting up their rhetoric. U.S. Secretary of State John Kerry recently threatened that if Russia didn't change course, "the world will make sure that the costs for Russia grow. We are ready to act." Yet, Russian President Vladimir Putin has been hinting that Russia is ready to take military action in Ukraine, something he carefully avoided saying when the crisis was contained to Crimea.