Heritage Market Minute | August 16th, 2021

Heritage Financial Advisory

The pictures all over the news were disheartening this weekend with the Taliban increasingly taking control of Afghanistan as city after city, including Kabul, surrenders to the militant group at a pace that foreign policy ‘experts’ could never have imagined. The Taliban has gained control of the country’s borders, so the only way out now is the Kabul airport which has been flooded with people seeking to exit, including the US embassy. What ultimately unfolds in the country is anyone’s guess at this point, but after nearly 20 years of involvement, it doesn’t look like the US has much to show for its efforts. From a market perspective, this weekend’s events are certainly having some impact this morning, and while there may be long-term macro implications down the road, these kind of immediate reactions are usually short-lived. Join Mike Desepoli as he discusses.