Walking a High Wire
Publish Date: March 25, 2022
Since the start of the Russian invasion of Ukraine on February 24th — when the S&P 500 Index reached its lowest intraday level of 2022 — the equity market has recovered 8.5%. Year-to-date, US equities are now down 6.1%.
In Europe — which bears a bigger brunt of the Ukraine-Russia war — the Euro Stoxx 50 troughed on March 7th and has recovered 15.2% from its intraday lows and is now down 8.9% year-to-date.
VIX, among the best measures of market fear, has declined from its peak level of 37.8 reached on February 24th to 23.9 now.
The inevitable questions on our clients’ minds are whether the worst of the equity market decline is behind us and whether our investment recommendation to stay invested is still valid.
Read more here.
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