March 2022

From Equity Research
Markets faced significant new challenges and uncertainties in February with the Russian invasion of Ukraine spiking energy prices higher while pressuring global equities. Reflecting this environment, the VIX Index or “fear gauge” continued its volatile path rising from the low 20’s mid-month to surge over 30 near month-end. For the full month, major equity indexes were volatile with the Dow Jones Industrial Average down 3.5%, the S&P 500® index down 3.1%, and the smaller cap weighted Russell 2000® increasing 1.0%.

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