Market Memo

May 2022 – By Kyle Rohrwasser

The war in Ukraine continues as governments look toward a slowing global economy with continued inflationary pressures. News outlets have decreased their war coverage, but the conflict and its economic impact remain real. European countries have seen rising energy prices and COVID lockdowns in China have added to supply chain woes. In the United States, we feel these effects domestically through rising food and gas costs mainly. Based on the rising value of the dollar to other currencies, it implies that we are in better shape than most other economies.