Predictably, it’s risk off this morning in markets after Russian President Putin launched what appears to be a blitzkrieg attempt at conquering or at least subduing Ukraine. The Kremlin didn’t even bother to concoct a flimsy pretext. Russia simply attacked with its massive firepower and the 200,000 or so troops near the border with Ukraine. What we know so far is this:

 

For the full report, click here