candlestick and line chart of mid-year stock performance

Portfolio Construction

March 2022

Despite pandemic optimism gaining traction with countries loosening mandates and economies opening, February began where January left off with market sentiment weighed down by central bank tightening to deal with inflation at multidecade highs. Now, geopolitics are weighing following Russia’s invasion of Ukraine. Markets recovered quickly from the Russia-driven selling, making a huge turnaround as countries imposed increasingly stiff economic sanctions against Russia. North American equity markets showed their resilience and performed well following Feb 24, but ultimately lost several percent during the month.