Global stock markets fall and bonds jump as fears grow over Ukraine war

The most significant long-term correlations for bitcoin are a negative correlation with the U.S. dollar and a positive correlation with money supply growth,

Matt Sigel, head of digital assets research at VanEck, recently explained on CNBC's "Squawk Box."

Geopolitical does not matter for financial markets until it does,

said Brad Bechtel, global head of FX at Jefferies

We certainly only want to hear the word 'nuclear' when it comes to providing clean base load power 24 hours a day, 7 days a week, and which we are still long of in uranium, not when it comes out of Vladimir Putin's mouth,

Peter Boockvar, chief investment officer at Bleakley Financial Group, wrote in a note

We've been growing increasingly constructive for some time now,

Kasimov said to clients in a note

The conflict is escalating ... I clearly expect to see some kind of immediate reaction, knee-jerk reaction,

Tiffany McGhee, CEO and CIO of Pivotal Advisors, told CNBC's "Worldwide Exchange."

The sharp drop in bond yields and USDJPY was of course notable, but I think even more telling is how quickly it was faded,

Wells Fargo Macro Strategist Erik Nelson told CNBC over email, in reference to the U.S. dollar and Japanese yen exchange

But in terms of longer-term, this is year three of the conflict and while initially we saw spikes in prices ... that's kind of leveled off,

she said

The biggest takeaway today is caution around what's going on in Ukraine. Largely investors are hiding out in some of the megacap names, which is a little bit surprising ahead of Nvidia earnings, but they are highly liquid,

said Timothy Chubb, chief investment officer at Girard, a Univest Wealth Division

The combination of Russia ratcheting up its war rhetoric and uncertainty about how the incoming U.S. presidential administration will respond, is a recipe for stock market volatility,

said Gaurav Mallik, chief investment officer, Pallas Capital Advisors

Walmart came in and delivered optimistic guidance,

said Quincy Krosby, chief global strategist, LPL Financial in Charlotte, North Carolina

All around the world, we're nervous because Putin has said if this escalates, he could match the escalation. Markets are reflecting this nervousness,

said Kim Forrest, chief investment officer, Bokeh Capital Partners