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Russian assets in a Chernobyl-sized meltdown
Stock markets recovered some poise during the week, but only after having fallen to new lows for the year to date in most regions. The extent of poor performance was roughly proportional to the geographical proximity to Ukraine, with the Euro Stoxx 50 blue-chip index falling 5% early in the week, before recovering to end the week down only 1.5%. The FTSE 100, which had been largely immune to inflation, interest rates or war, suffered its worst day since the start of the pandemic, declining nearly 4%. But it subsequently rallied by nearly the same amount, to end the week down only half a percent. These rallies were all the more remarkable for occurring while the sanctions applied by the West grew to unheard-of proportions, even targeting Russia’s access to the payment system that holds all the world’s banks together. With Russian assets in a Chernobyl-sized meltdown, it’s no wonder Putin was tempted to play the nuclear card, but even this could not derail the rally.
Stocks featured:
Alibaba, Apple, Berkshire Hathaway, BlackRock, Blackstone and Vanguard Group
To find out more about the investment management services offered by Walker Crips, please visit our website:
https://www.walkercrips.co.uk/
This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.
Hosted on Acast. See acast.com/privacy for more information.
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By Walker Crips Investment Management Limited
5
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Stock markets recovered some poise during the week, but only after having fallen to new lows for the year to date in most regions. The extent of poor performance was roughly proportional to the geographical proximity to Ukraine, with the Euro Stoxx 50 blue-chip index falling 5% early in the week, before recovering to end the week down only 1.5%. The FTSE 100, which had been largely immune to inflation, interest rates or war, suffered its worst day since the start of the pandemic, declining nearly 4%. But it subsequently rallied by nearly the same amount, to end the week down only half a percent. These rallies were all the more remarkable for occurring while the sanctions applied by the West grew to unheard-of proportions, even targeting Russia’s access to the payment system that holds all the world’s banks together. With Russian assets in a Chernobyl-sized meltdown, it’s no wonder Putin was tempted to play the nuclear card, but even this could not derail the rally.
Stocks featured:
Alibaba, Apple, Berkshire Hathaway, BlackRock, Blackstone and Vanguard Group
To find out more about the investment management services offered by Walker Crips, please visit our website:
https://www.walkercrips.co.uk/
This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.
Hosted on Acast. See acast.com/privacy for more information.