Weekly Market View from Realm Investment Management. Week ending 18th February 2022.
The US stock market was lower week on fears that a Russian invasion of Ukraine may be close and concerns about what the Federal Reserve will decide to do with interest rates in March to curb rising inflation readings.
Defensive sectors like consumer staples relatively held up, and among the global regions, emerging markets was the out-performer.
There was a mid-week rally after Vladimir Putin announced that Russian troops were being pulled back from the Ukrainian border but the down trend for the week resumed when no evidence of that seemed apparent.
In the UK data showed that inflation hit a thirty year high in January raising expectations that the Bank of England will raise interest rates again in March.
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