A Note on the Conflict in Ukraine

There is plenty to worry about these days

It’s been a difficult 24 hours, with many of us waking up to learn about the terrible events in Ukraine. You’ve likely heard about the possible second-order effects, like a skittish stock market, potential energy supply constriction, and the threat of continuing supply chain disruptions. 

Closer to home, high inflation persists, and the Fed is preparing to tighten monetary policy. And while Covid is moving away from the front page, the markets have a lingering worry that another variant could emerge. Before long, the midterm elections will begin making headlines as well, as candidates take positions.

Add it all up, and you see the S&P 500 teetering on correction territory as some investors ponder the best way to ride out the next few months.

No one knows how long the current crisis will last or how it may further rattle an already volatile market. While we are no foreign policy experts, we wanted to reach out to let you know we are keeping a close eye on the latest news as it unfolds, with a specific focus on the ways it may impact our clients. 

Our thoughts and prayers are with the people of Ukraine and anyone impacted by the crisis.