EDITOR'S NOTE
Russia's invasion of Ukraine failed to knock the major averages on Thursday, with the Dow, S&P 500 and Nasdaq Composite finishing the day with gains.
![]() While the Russia invasion "is really worse than a baseline expectation," according to Binky Chadha, chief U.S. equity and global strategist at Deutsche Bank, some strategists believe geopolitical shocks to the stock market tend to be fleeting.
BMO's chief investment strategist Brian Belski compiled a list of notable geopolitical conflicts in the past and found that the S&P 500 fared well following the tensions.
"Our work shows that U.S. stock market performance typically holds up pretty well during geopolitical shocks and any price weakness resulting from these events tends to be short-lived," Belski said in a note.
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