Domestic and International Developed equities posted a month in the green but remain in the red for the year thus far. Bonds and Emerging Markets continued their year-to-date rut.
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.
With risk assets now fighting on two fronts-persistent inflation and a conflict between Russia and Ukraine-nearly all asset classes posted a negative month for the month of February.
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.
With the Fed promising to take aggressive action against rising inflation, market participants spent the month of January in risk off mode, sending all asset classes into the red for the first month of 2022.