Russia's Rebellion Sparks Market Volatility and Safe Haven Rush

The armed rebellion against Moscow led by Yevgeny Prigozhin, the leader of the powerful Russian mercenary organization Wagner Group, could trigger a selloff in U.S. stocks and a flight to safe assets, according to analysts. The crisis in Russia could lead to uncertainty and disrupt global oil and food supplies, causing investors to seek shelter in the currency market or ultra-safe government bonds. However, the outcome of the crisis should be more clear within the next 35 hours, and some analysts believe that the end of the war in Ukraine could be perceived as bullish for the market.