It’s hard to do commentary when in the morning, the markets are down, and by lunch they are level, and by the close they might be up, and vice versa.
However, despite all of the market volitivity (as of 10 a.m. on Friday, March 4) the market will most likely be flat for the week and down about 8% for the year. An unfortunate event, but hardly a severe market correction, especially considering we are still up 17% over the last 12 months.
In the meantime keep the Ukrainian and Russian people in your thoughts this weekend, and that their leaders find peace as soon as possible.
*Chart indicates Year to Date of $100 Invested:
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.