One of the changes that we could be expecting really soon is to do with Monaco and Russia. The first thought might be how are those two even connected? The thing is, the EU is putting out another packet of sanctions. As always, they target anyone dealing with Russia or their oligarchs. Now, their targets are yachting brokers once again, but this time in Monaco.
What does that mean for regular people? Well, the initial reprecussion would be massive layoffs, and that’s never a good thing. Now how do those massive layoffs affect the U.S. market? I doubt that we’ll see a rise since many of those brokerages are invested into the U.S. stock marker as well probably, but can it create some sharp declines in the market? And if so, which markets would it affect?