The Wagner Group's Failed Coup: Implications for Russian Markets

The stock market remains unaffected by the failed Wagner insurrection attempt in Russia, but if Putin is overthrown, energy and defense stocks could surge. Defense stocks such as Lockheed Martin, Raytheon Technologies, and General Dynamics were all in the red, while Boeing was slightly up. In the consolidated oil stocks group, Shell sits near a consolidation pattern entry, and in the oil and gas machinery space, Weatherford is nearing a first-stage cup-with-handle buy point.