It wasn’t so long ago — April 2020, in fact — that the spot price for a barrel of West Texas Intermediate (WTI) oil, the U.S. benchmark for oil prices, was briefly negative for the first time in history.
While February began with eyes on Federal Reserve (Fed) Chairman Powell’s hawkish stance, inflation and a focus on the job market, the resounding theme was Russia’s invasion of Ukraine in the last week of the month. As this evolved from a low likelihood event to a distressing reality, markets adopted a risk-off stance.
For the second time in less than 10 years, Russian forces have waged a full-scale invasion of Ukraine, their neighbor to the west. As investors, it’s necessary to assess the potential market and economic implications; however, we would first acknowledge and emphasize that the impact on human lives is far more important, and our thoughts are with the people and families in harm’s way.
At Choreo, we believe a well-designed portfolio is goals-based, thoughtfully allocated, globally diversified, risk-focused and delivered in a disciplined manner. This approach is intended to add value and reduce risk, simplifying your financial life and freeing you to enjoy the true wealth of life.