The Russian invasion creates a back-to-back global supply shock, just as the pain of a global pandemic was receding. Whether investment dollars and extracted commodities go into defense spending or alternative energy, we are in a new paradigm. With a new Cold War and a front creeping west, compounded by a cyber war, “buy and hold” is on hold. We go over the impact on commodities from the invasion generally and sanctions specifically, with a return to our old favorites Korea, Chile, and Norway. Plus an introduction to Australia. Heres’s that cybersecurity story. Follow us on Twitter and Linkedin. Check out MI2 Partners. Standby for a book review of The Great Wave by David Hackett Fischer, due to the teacher Monday morning. Peace.