War In Europe — Yes, this was the title of every single article you read yesterday, but here at the Daily Peel, we’re all about recap and getting you apes up to speed. Let’s take a look at what went down yesterday, inside Ukraine and out.

First and foremost, shoutout to all the apes in Ukraine. We sincerely hope all of you and your families are staying safe and secure during these horrendous times. I wish I could go fistfight Putin myself, but until then, hopefully, we can add some sunlight to your day as you go through this.

Let’s start with what’s happening on the ground. Russia has continued its invasion, primarily targeting “military installations,” which is, of course, an incredibly broad turn, so who knows.

All signs indicate the Red Army is heading for the Ukrainian capital city of Kyiv. Cyberattacks on key Ukrainian facilities, banks, and other economically important institutions also seem to be a popular choice.

However, this isn’t done without protest. No, I’m not talking about those worthless petitions that say, “Tell Putin to stop!” but Russian citizens going out and protesting their own military’s actions, leading to over 1,500 arrests (so far).

Outside Ukraine, support and sanctions are once again the names of the game. Yesterday, Biden and other Western leaders announced more expansive sanctions against oligarchs and banks, primarily. Effectively, this results in the cutoff of these individuals and banks from the U.S. dollar and western economy.

Moreover, the U.S. is now sanctioning 24 Belarusian nationals for their support of the Russian invasion efforts. Europe and other allies are following a similar playbook, sanctioning everyone and everything they can in hopes that being starved out from the Western economy adds enough pressure that Putin pulls back. Good luck.

Other non-military actions have been proposed, with one, in particular, that sounds pretty wild. The U.S. and allied nations are debating a full-scale technological block of all Russian IP addresses. Essentially, this would block all Russian internet users from interacting with anyone outside of Russia, kind of like the reverse of China’s Great Firewall.

Basically, China’s Great Wall makes it really hard to access technologies on their network. While this is certainly an issue, the problem utterly disappears when you are a part of Skillful’s cohort-based Sprint.

Of course, gold and oil traders were going wild. Having seemingly no idea what to do, both assets bounced around like they were in a heavy metal mosh pit all day. Brent, the international oil benchmark, rose past $100/bbl for the first time since 2014 and peaked at just below $106. Gold is shooting up too.

Unlike digital gold (as you’ll see below), real gold is actually a safe haven asset that investors pour into in times of uncertainty. With the ongoing war combined with whatever the f*ck the Fed is doing, the shiny rock has soared as well recently, peaking at the same time today as oil at a level of around $1,976/oz.

If you want a fun market to watch during these crazy times, commodities might be the way to go. Sure, equities are cool, but it seems like they just do the exact opposite of whatever is actually predicted.

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