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And indeed, volatility has been a hallmark of the market environment so far in 2022, with the S&P 500 still down more than 10% for the year-to-date after first sliding into a correction last month. The CBOE Volatility Index, or VIX, has held at a lofty level of more than 30. Russian President Vladimir Putin launched Russia's invasion of Ukraine in the early-morning hours of February 24, targeting several key cities with military strikes. Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. โ€œWe have a ton of uncertainty right now,โ€ said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. โ€œWeโ€™re dealing with a war, weโ€™re dealing with inflation. We donโ€™t know what it means to earnings.โ€ NEWS
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