Uncertainties remain. The impact that new sanctions on Russia will have on the West’s own economies is not yet fully known, nor are Putin’s next steps or the extent of possible further Western actions. There is reliance on Russian energy and Ukrainian agricultural produce in some European nations. Markets have already begun to price in some expectations including the inflationary pressure presented by the surge in wholesale energy prices. However, as is always the case while markets find their way through uncertainty, timing decisions can be fraught with danger and long-term investors with diversified approaches can take comfort knowing that persistence should reward them.