Peter Brown: Outbreak of war is not the big element stoking market volatility

Regardless of long-held fundamental analysis used to pick stocks, the market has been buying on momentum

Peter Brown: Despite geopolitical issues, the big story is inflation, the recent read from the US is the highest rate since 1981. 

To make sense when trying to analyse the current market, the most important point I can make is that the markets are a discounting mechanism; they discount what they know and look forward.

Therefore, while we see tragic scenes unfolding in Ukraine, the week finished with stock markets rising. It would be different if the analysis led to Nato troops versus Russia, but no one expects that at this stage.