The last time the Ukraine who cried Russian wolf invasion swore it had blown up Russian military vehicles, as part of the humanitarian convoy, it turned out rather quickly it had lied after it couldn't provide any evidence of this. So, in keeping with crying wolves, now is the time for try #2. From BBG:
- UKRAINE SAYS TWO COLUMNS OF RUSSIAN MILITARY VEHICLES DESTROYED
- UKRAINE SAYS RUSSIAN MILITARY VEHICLES DESTROYED NEAR ILOVAYSK
Judging by the market reaction, which actually rose on the headlines, it is becoming clear that Ukraine propaganda has lost all market moving abilities, as not even the algos buy the fabricated attempts at escalation.
And in other news, after not even NATO, which has been in full warmonger mode today, dared to use the word "invasion" opting instead for the much more politically correct "incursion", here is the UK using the same phrasing:
- CAMERON: CONCERNED BY EVIDENCE OF RUSSIA INCURSION INTO UKRAINE
Finally, and as always, we look for Putin's take on today's events.
However, one thing is clear: since only Citadel's execution algos of NY Fed trading orders matters, expect today's "drop" to be quickly erased and the manipulated rally in the last minutes of trading to take the S&P to fresher, recorder highs as the world supposedly teeters on the edge of World War III.