NewsWare’s Trade Talk: Thursday, February 24

S&P Futures are down 2% ahead of the markets open. Global equities are trading sharply lower this morning after Russia invaded Ukraine. Crude oil has moved higher by 8% as the markets await word on the new sanctions against Russia. Russian equities markets dropped over 30% today as the coming sanctions may cripple their economy. Bond yields are dropping as traders move capital into safe-haven asset classes.