After a record-setting year in 2021 for the markets, we saw the return of volatility to start 2022. In fact, volatility returned with a vengeance in the first quarter of 2022, which has been more volatile than all of 2021. Indeed, it is true that the stock market had “everything but the kitchen sink” thrown at it in the past quarter, including a surge in inflation to 40-year highs, the Federal Reserve’s promise to raise rates..
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The S&P 500 saw one of its worst days since the Great Pandemic on March 7, as it saw a decline of -2.95% on fears that a full Russian oil boycott by the United States and its European allies would send the global economy into a recession. While it seems that investors have endured bouts of volatility, it has been awhile, as 2021 experienced only one 5% pullback. Going back to 1942, on average we see a 5% pullback about three times..
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“Peace is the virtue of civilization. War is its crime.” – Victor Hugo
Just before daybreak on February 24, Russia launched a military offensive against Ukraine, which the latter described as a “full-scale invasion.” In such times, fundamentals cede their place to the dynamics of risk management across global markets and to investor psychology. Media headlines will dominate, emotions will arise, and staying focused on..
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