Weekly Market View from Realm Investment Management. Week ending 25th February 2022.
Russia’s invasion of Ukraine dominated the news last week and caused extreme volatility in the markets. The VIX, often called the fear gauge, spiked to 37.79 intraday on Thursday – there has been only one day in the last fifteen months with a higher reading, which was the 24th January.
The Putin shock was the decision to launch a full scale invasion of Ukraine and stocks were marked down sharply on Thursday’s open after news broke of the attack on the capital Kyviv. The US S&P 500 hit a 9-month low Thursday morning before rallying strongly after Russia announced it was ready to hold talks. The Putin shock was the decision to launch a full scale invasion of Ukraine and stocks were marked down sharply on Thursday’s open after news broke of the attack on the capital Kyviv. The US S&P 500 hit a 9-month low Thursday morning before rallying strongly after Russia announced it was ready to hold talks.
As I write on Monday, those talks, between negotiators for Kyiv and Moscow, have concluded and the BBC reports that “Russia says both sides have agreed to continue talking and will meet again in the next few days”.
The Big Picture 25th February 2022
Market Sentiment 25th February 2022
U.S. Risk Barometer 25th February 2022
Europe Risk Barometer 25th February 2022
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