The stock market finally had a positive week of strong gains as the Federal Reserve raised interest rates, which was expected. The Fed meeting was a big variable last week and it was positive to see the stock market rally after rates were raised by 0.25%.
Following last week’s gains, investors are asking - has the stock market accepted the war in Ukraine and economic sanctions as the new normal? If it has and if tensions with Russia ease, the stock market may continue to rise over the coming weeks. Conversely, if the war and economic sanctions escalate this may only be a short-term rally and the market may drop further. There’s no way to know which scenario will play out but stock market history shows a higher probability of the stock market rising overall this year versus falling.
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