I'd opine FAEs, the thermobarics, have a much greater initial "impact" and effect, residual depleted uranium shells could have a longer term lingering impact. As noted, the former can be used against civilians and civilian infrastructure. The latter is pretty much only useful against military armored vehicles.
Volatility remains, as investors continue to monitor geopolitical headlines with the Russia/Ukraine conflict in its third week. Hopes of a diplomatic resolution have increased, as the two countries are set to meet for the second straight day today. Prior to this week's meetings, officials on both sides were upbeat over the weekend about the upcoming talks. So far, negotiations have ended without any progress on a ceasefire, and reports of Russia intensifying its invasion have dominated the news. The U.S. and other global allies have levied crippling financial sanctions, including an unprecedented move to handcuff the country's central bank, and the U.S. and U.K. have banned the imports of Russian energy. Meanwhile, the Federal Reserve's monetary policy meeting looms on the week's horizon, with uncertainty of how aggressive the central bank will be in what is expected to be the initiation of a tightening campaign, as the conflict in eastern Europe has added a new variable to the equation.
The bond market has been just as volatile, with Treasury prices taking a break today from a five-session fall that saw yields rise and pare the rally seen in early March. Meanwhile, the U.S. dollar remains elevated, along with gold, although both are paring back this morning, and crude oil prices are tumbling for the second-straight day, pulling back from a surge last week to highs not seen since 2008.
