‘U’ = ‘Unanticipated’ Or Maybe ‘Ukraine’: Citi’s PULSE Market Monitor

The latest weekly PULSE market monitor from Citi analysts Tobias Levkovich, Lorraine Schmitt and Christina Wood is out.

“The PULSE framework is neutral on two (unanticipated and liquidity), negative on one (sentiment) and mildly positive on two (earnings and valuation),” says the note.

U = Unanticipated = “A brazen act of aggression”

As this is written, however, drum beating in troubled Ukraine is reaching a fever pitch and Russia is seemingly making moves that point to serious military intervention/annexation in the Ukraine. The Ukraine is mobilizing men and military to counter Russia’s troop influx into Crimea; the country’s new Prime Minister said the Russian...