The markets were already on shaky ground in 2022’s opening period, as the prospect of inflation and higher interest rates loomed large. But the volume has been turned up significantly now there is a full-scale war to contend with following Putin’s invasion of Ukraine.
What does all this mean for the global markets? Asks Oppenheimer’s Chief Investment Strategist John Stoltzfus, before providing the answer: “Near-term volatility likely will persist on the landscape as global market participants weigh developments as they cross the proverbial transom.”
There are severe sanctions in place on Russia now and they look likely to be ramped up further. While these will no doubt hurt the country’s economy, it remains to be seen how they impact the course of the war or how they affect global markets over the coming period.
In the meantime, in the current “transitional environment,”…
