The War Summit Drags On, but Stocks Keep Rising

Commentary

Nothing much happened last Friday in Alaska, when Vladimir Putin and President Trump cut their summit short, but they called it a “good start.” Meanwhile, Ukraine’s President, Volodymyr Zelensky, was furious for not being invited to Alaska. British Foreign Secretary David Lammy told Vice President J.D. Vance that a ceasefire must take place first before there are any territorial concessions. President Trump said he will not discuss changing any borders, but I suspect President Trump may agree to block Ukraine from joining NATO in exchange for a permanent ceasefire. Despite complaints emanating from Europe, the EU will likely reluctantly agree to most of the terms dictated by President Trump and Vladimir Putin.