US equities mostly lower in very choppy Tuesday trading, finishing well off a short-lived midday rally, which was chalked up to news that Ukraine may no longer be pursuing NATO membership. President Biden announced a ban on US imports of Russian energy. Increasing concerns about risks of a liquidity crisis from the surge in a number of commodities and the removal of Russian assets and liquidity from the global financial system.

US equities were notably weaker in Monday trading, finishing near the session lows. The SandP logged its worst day since October 2020, dropping nearly 3%. Ukrainian negotiators have said there has been no significant progress on a truce or ceasefire at today's third-round talks with Russia. There has also been significant attention on the US’s efforts to ban Russian oil imports, which it may consider against reluctance of its European allies. Despite the complicated geopolitical backdrop, next week's FOMC meeting remains a major focus for the market. The big economic data release this week will be February CPI on Thursday, the last inflation data ahead of the meeting.

US equities finished the week lower, with banks among the biggest decliners and energy continuing its massive ytd outperformance. Russia's invasion of Ukraine dominated the news cycle and weighed heavily on risk sentiment. Nevertheless, there were still a number of bullish talking points on the week, including declining real yields, depressed sentiment readings as a contrarian buy signal, Powell largely blessing a 25 bp liftoff, and tight credit spreads.

US equities weaker in a choppy session following yesterday's bounce, with growth lagging value by ~100bps. February ISM Non-Manufacturing missed, with lowest print in a year. Ukrainian negotiator says most recent ceasefire talks with Russia did not produce the results Kiev hoped for. Crude lower today on news an Iran nuclear deal could come within 72 hours.

US equities were higher in trading, though finished a bit off best levels. There wasn’t any specific factor behind the firmer tone in stocks. Powell said the Fed is inclined to support a 25 bp rate hike in March and while this is in line with consensus, some Fed officials have called for 50 bp.

US equities finished sharply lower as the market continues to deal with uncertainty related to Russia's invasion of Ukraine. Amid the geopolitical tensions, the market has essentially zeroed out the odds of a 50bp rate hike this month. President Biden makes his first SOTU address tonight.

US equities were mixed in a choppy session on Monday, ending well off worst levels on big rally into the close. The Ukrainian and Russian delegations met for talks earlier on the Ukrainian-Belarusian border. According to reports, the Russian negotiator said Moscow is interested in coming to an agreement that is in the interest of both sides, however, Ukrainian President Zelensky has expressed skepticism about the potential for the talks to produce any meaningful breakthroughs. Reports have also indicated that Ukraine's bid for EU member ship could hamper ceasefire talks. The US, EU and other countries announced over the weekend they would cut off a certain number of Russian banks from SWIFT, undermine the Russian central bank's ability to defend the ruble, and hunt down assets of sanctioned Russians.

US equities higher this week, reversing weakness earlier in the week with a big Thurday-Friday rally. Russia's invasion of Ukraine was the key factor in the week's price action, but markets rallied as sanctions on Russia were seen as less severe than expected, while expectations around the Fed's policy path were also a bit of a tailwind. Economic data continue to highlight the inflation overhang. The last batch of earnings included some disappointment over guidance, particularly margin headwinds from expected wage growth and little easing of supply chain and input cost pressures.

US equities finished higher, reversing big earlier declines. The Ukraine crisis remains centerstage as Russia began a broad invasion overnight, and Western powers today announced a range of additional sanctions. The situation remains very fluid, and broader questions about impacts on the international order are likely to remain unanswered for some time.

US equities finished lower in trading, ending near worst levels and adding to Tuesday's notable slide. Geopolitical tensions continued to present headline risk for the market despite the usual discussion about how they have historically not had a sustained impact. Ukraine continued to take up most of the headline oxygen. Diplomacy remains on hold and more sanctions have been announced from the West (including on the Nord Stream 2 pipeline).