Market Memo

 April 2022 – By Kyle Rohrwasser

Russian President Vladimir Putin says peace talks have reached a “dead-end situation” after Ukraine made allegations about war crimes. It seems that war in Ukraine will continue as Russian forces shift their focus toward Donbas. The war is weighing on the global supply chain, especially within the global food supply.  The disruption increases the price of the food we eat and the inputs needed to successfully grow that food, such as fertilizer and herbicide. As of the end of last week, 2022 returns for most equity sectors are negative.  Energy is a notable standout but unsurprising given the recent global events driving energy prices higher.   

Market Memo

March 2022 – By Kyle Rohrwasser

On February 21^st Putin announced that Russia would recognize the sovereignty of the two western republics of Ukraine, which was immediately met with NATO sanctions. Quickly following, Russian forces moved deeper into Ukraine on February 24^th. Within the week, technological, financial, and political sanctions had been handed out with intent to punish Russia for the occupation of Ukraine. See tracking sanctions against Russia here.