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Markets Have Down Week as War In Ukraine Enters Third Week

The Russo-Ukrainian War entered its third week and despite occasional glimmers of hope, events on the ground are increasingly grim. There is hope for resolution through peace talks, but Russian actions are increasingly alarming with regards to the use of indiscriminate bombardment. Also, today the Russians attacked a variety of targets in the West that had until now remained unscathed. The events are harrowing and our prayers are with all those affected by this war. Unfortunately, the longer thi

The Russo-Ukrainian War entered its third week and despite occasional glimmers of hope, events on the ground are increasingly grim. There is hope for resolution through peace talks, but Russian actions are increasingly alarming with regards to the use of indiscriminate bombardment. Also, today the Russians attacked a variety of targets in the West that had until now remained unscathed. The events are harrowing and our prayers are with all those affected by this war. Unfortunately, the longer this war goes on the more people it will effect given the centrality of Russia, Ukraine and Belarus’s role in the global commodities supply chain. The breadth of commodities affected is stunning. From energy, to food and fertilizer and to some metals necessary for clean energy the potential impact of a prolonged economic siege of Russia is prodigious. Stocks of many commodities were already low from elevated demand for goods versus during the pandemic.

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