Risk Assets continued to dig themselves out of their year-to-date hole, with most global indices posting a positive, or very slight negative week.
Overall, economic data releases mostly met their expectations, showing that despite the near-term effects of the Russia-Ukraine conflict, the economy is still marching on. Importantly, the FOMC raised interest rates for the first time and took on a very hawkish tone for future monetary policy. Next week is on the lighter side, most releases relate to manufacturing data and real estate.
European equities were able to recover some losses for the week, but the rest of global equities were largely in the red as the conflict between Russia and Ukraine raged on.
Global equities continued their sell off for the week as the conflict between Russia and Ukraine raged on.
Despite global markets initially selling off on the news that Russia was invading Ukraine, domestic equities were able to recover their losses sustained at the beginning of the week, and even posted a solid week in the green.
Equity markets around the globe deepened their year-to-date losses as tensions between Russia and Ukraine heightened throughout the week.
US Markets lost the ground they gained last week after inflation came in hotter expected and tensions between Russia and Ukraine escalated.
US Markets recovered some of their losses sustained at the beginning of the year this week but remain in the red year to date.
US Markets were finally able to post a positive week in some areas but are still deeply in the red year to date. International equities were still negative on the week and the year thus far.
Even with US Markets closed on Monday for Martin Luther King Jr. Day, global equities continued their steady selloff throughout the week.