US National Security Advisor Jake Sullivan pushed back against the earlier report via PBS that the US believes Russia President Vladimir Putin had decided to order an invasion of Ukraine. He said the report "does not accurately capture" what US intelligence believes, saying that they don't think a final decision has been made yet, though such a decision may come soon. Sullivan added that Russia has all the forces it needs to pursue major military action against Ukraine.
Market Reaction
As Sullivan pushed back against the earlier report from PBS, the risk-off move did see a very minor, temporary reversal, though this was short-lived. The S&P 500, for example, is back again to session lows in the 4420s, now down some 1.7% on the day.
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