This Wednesday in the latest sign of a Russian military onslaught, Ukraine declared a state of emergency and told its citizens in Russia to flee, while Moscow began evacuating its embassy in Kiev.
Ukraine also blamed Russia for a series of cyberattacksafter state websites, including the home pages of the government and the Ministry of Foreign Affairs, remained inaccessible.
“Geopolitical risks and rhetoric have made investors much more concerned”said Liz Young, head of investment strategy at SoFi. “What it has done is exacerbate the downward trend that already existed”said.
In turn, the operators consider that Investors are especially concerned about a possible tightening of the Federal Reserve’s monetary policy to combat inflation.
It is worth noting that US stocks had a turbulent start in 2022as increased geopolitical tension weighed on investor confidence, already dampened by concerns about the Federal Reserve’s aggressive monetary policy tightening to combat inflation.
The drop in mega-cap stocks on inflation fears has sent the Nasdaq down 14% so far this year, while the S&P 500 is down nearly 10%. The Dow fell about 8%.
Source: Ambito
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