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𝐎𝐅𝐂 . 𝐌𝐎𝐍𝐎𝐍𝐆𝐊𝐎𝐑𝐎 Telegram | DID YOU KNOW?

The Russian invasion of Ukraine has been a driving force in markets for the past few weeks. For tech stocks, “the main thing is yields,” Essaye said. The news also helped traders look past another report showing decades-high inflation and shake off some of the volatility from recent sessions. The Bureau of Labor Statistics' February Consumer Price Index (CPI) this week showed another surge in prices even before Russia escalated its attacks in Ukraine. The headline CPI — soaring 7.9% over last year — underscored the sticky inflationary pressures reverberating across the U.S. economy, with everything from groceries to rents and airline fares getting more expensive for everyday consumers. But the Ukraine Crisis Media Center's Tsekhanovska points out that communications are often down in zones most affected by the war, making this sort of cross-referencing a luxury many cannot afford. Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. “We have a ton of uncertainty right now,” said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. “We’re dealing with a war, we’re dealing with inflation. We don’t know what it means to earnings.”
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𝐒𝐈𝐍𝐂𝐄 !¡ 14 April 2021

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