Opening Bell, March 1
Good morning.?Markets continue to reel as Russia and Ukraine hold negotiations. Today we're going over what investors can expect amid the uncertain landscape — and what that means for portfolios.?
And one more thing…
???Introducing our new audio product from the Insider newsroom:?The Refresh from Insider!?Keep up with the latest market moves with our audio news briefing that constantly updates throughout the day.?Give it a listen here.
Here we go.
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1. Don't make any sudden moves with your stocks yet.?JPMorgan analysts said investors should?hold onto shares despite the Russia-Ukraine conflict?so they don't miss out on a rebound.?
In a Monday note, the bank added that war should not massively impact the global economy, and?stocks?are poised to recover.?
Meanwhile, iCapital's chief investment strategist?said the Fed's rate-hike pace, as well as what happens in Ukraine, will dictate?whether markets bottom out and bounce back.?
The market could see an upswing if the geopolitical crisis de-escalates and if the?Federal Reserve?signals it's "paring back some of the more hawkish interest rate increases," Anastasia Amoroso told CNBC.?
And top economist?Mohamed El-Erian cautioned investors?to position themselves for uncertainty even if markets look like they're returning to normal.?
Here's what's going on with Russia's economy right now:
The?central bank of Russia?doubled its interest rate to 20% after the?ruble plummeted, and instructed brokers not to execute sell orders from foreigners.
2. Global shares are trading sharply lower.?Talks between Russia and Ukraine have not stopped the hostilities, pushing oil close to $100 a barrel and weighing on futures.?Here is what's happening on markets.
3. A former Goldman Sachs investment chief explained why you shouldn't panic about inflation.?Abby Joseph Cohen was one of the few experts who called the strength of the historic 1990s market. She said investors are overly concerned about rising interest rates and price surges —?and shared what to buy right now.?
4. Evercore said investors should bet on these 10 stocks for their improving prospects amid market volatility.?Julian Emanual said profit growers make a good bet right now —?and he shared a simple options trade to amplify gains.?
5. Businesses are still struggling to attract workers.?But a new study found that the labor shortage isn't exactly being driven by workers and employees wanting different things.?Dig into the data here.
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This newsletter was curated by Phil Rosen.
Thoughts or questions? Sound off in the comments section below.
Master Marine / Harbour Pilot / Marine Expert / Cargo Survey / Lead Auditor ISM-ISPS-MLC / Maritime and Port Governance Consultant
2 年Very useful informations. Thanks a lot
government
2 年sure
Student at Universidad Técnica del Norte & IU Internatonale Hochschule
2 年Thanks for the information. The initiative of Western Nations to Ban Russia from SWIFT will make Russia lose numerous profitable international trade connections to its current economy. However, suppose Russia is banned from SWIFT. In that case, Western countries will also be affected as an example by importing crude oil to the U.S. Moreover, from my viewpoint, a possible measure of avoiding extreme losses is that Russia can join China and change its currency from Ruble to Renminbi, or even introduce cryptocurrency like Bitcoin. The process will be challenging, but Russi will no longer be tethered to Western sanctions.
Agroecnomiste
2 年Thanks for posting
Professional Exchange Trader
2 年Thanks for sharing