The stock market started the week in a hole as oil prices flirted with $130 per barrel. Oil prices eventually cooled off, but the hole was too deep for the market to climb out of given the state of the economy.
The world is a chaotic place right now. There's always a degree of chaos of course, but there seems to be an abundance of it currently - war, sky-high inflation, crime, market turbulence...and the list goes on.
It’s been a difficult week, with many of us watching the terrible events in Ukraine unfold. You’ve likely heard about the possible second-order effects, like a skittish stock market, potential energy supply constriction, and the threat of continuing supply chain disruptions.
The stock market made a huge comeback this week, initially selling off on a worsening Russia-Ukraine situation, then rallying on optimism that the situation won't have a material impact on the economy.
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