State of the Markets: March 7, 2022
As we enter the final month of Q1 2022, one thing is clear...this is a wild year! Inflationary assets like oil, gold (and metals), and now wheat, are all spiking like the world is going to end, while equities are suffering their most volatile period in two years. Spurred by continued escalation in Russia & Ukraine, a Federal Reserve that continues to send mixed messages, and a blood bath in the growth sector, the $VIX index closed the week at 31.97, the highest weekly close since January, 2021. More concerning, despite an end of session rally, equities remain well off their highs, with the New York Stock Exchange closing the week at 16,129.66, approximately 7.5% below the recent highs. The...