Recently, the Nasdaq has been fluctuating between 24,000 and 25,000 points for about a month without significant volatility, which indicates that although the war is progressing, the market has not yet reached a panic stage. After all, everyone knows that while the war caused oil prices to rise last week, the increase in oil prices has led to recurring inflation, but the war is unlikely to last too long. Moreover, investors currently do not expect the Federal Reserve to cut interest rates before Powell steps down.

So, although the market seems quite lively, the greater risk is not currently the war itself. Of course, if the war escalates, the risk will also increase, and if it truly reaches nuclear war, that would be the highest-level risk. Currently, the biggest risk may still lie in the pessimistic expectations triggered by high interest rates. For example, although credit hasn't really caused any problems yet, institutions are already acting like startled birds. $BTC