The stock market always overreacts to news, both good and bad. A tariff war with China had short term negativity with it, and the market will reflect that. Ideally, the long term effect is positive gain. Same with Ukraine. Short term the chicken littles will overreact like Soykern, but the pragmatists see the long term positive outcome of ending a war. Yes, it could turn really ugly, but likely calmer minds will prevail and peace will come.