I have some sympathy for the view that we've just handed back some of the gains, but I don't understand the attitude about sanctions. Russia is a small economy. A small economy who primarily exports gas & oil to eastern europe. If there really is a peace deal and sanctions are lifted, I don't see how that positively impacts the US? It means cheaper oil for eastern europe (pricing out some of the US nat gas exports), almost certainly higher deficit defence spending across Europe (on local heroes, no one is trusting the US for security). Other than "good news markets go up" is the logic behind thinking a peace deal would drive US markets? A laughably theoretical deal for minerals?