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Russia, Ukraine and how I'm playing the 'tired' markets

Stocks on both sides of the Atlantic fell this Wednesday, largely on concerns about Ukraine and Russia with reports of thousands of Russian troops massing on the Ukrainian border. It’s a concern for Michael Jarman, Strategist at H20 Markets in London. He says the markets are “tired" and they need "a bit of a pullback”. Investors, he adds, need to be cautious.

They also need to be aware of key levels in the S&P 500 and the FTSE and that they should be really getting active at managing risk. However, macro data, notably from Britain and the States has been largely positive and there’s still growth and potential returns to be had. The declines we’ve seen in recent days are mainly due to profit taking, he says, the geo-political tensions notwithstanding.

Michael also looks at BMW, which announced strong results on Tuesday. Despite falling back a little on Wednesday, it’s one of his top equity picks right now. “It’s a buy for me”, he says and suggests there could be a twenty percent upside in the longer term.

02:38 minutes
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