March Monthly Market Moves

April 19, 2022

The tragic events in Ukraine continued to grip investor attention in March. After what has been a distressing period, we remain hopeful a peaceful resolution can be reached. Sanctions against Russia caused significant economic uncertainty and were ratcheted up further during the period but did not result in any material de-escalation.

Inflation continued to soar in many regions, compounded by extremely volatile energy prices. However, at the end of the month, the Biden administration announced the US would start releasing oil from its Strategic Petroleum Reserve at a rate of one million barrels per day for the next six months, which should bring down oil prices.

For the full commentary covering the month of March please click HERE

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