Guardian – On Wall Street, a “black swan” moment is one during which investors panic in response to shocking news – as unexpected as seeing a black feathered creature in a snowy-white flock.
Nothing felt more like one of those infamous “black swan” market moments than the dark shadow cast over global markets by the news that Russian troops entered Ukraine last weekend. As soon as financial markets reopened worldwide on Monday morning, stocks swooned in large swaths of the world. They bounced back to life on Tuesday, leaving many of us wondering whether to be fearful or relieved.
