Within one week of Russia’s incursion into Ukraine, Western and EU sanctions imposed on the Russian economy and corporations have forced the Russian ruble down to record lows, driven oil prices higher than $110/barrel, and frozen foreign assets owned by Russian oligarchs. But concerns about the aftermath of these developments are contributing to immense stock market volatility.
The uncertainty, along with concerns over high inflation, supply chain issues, and forthcoming interest rate hikes, could drive the markets to further retreats in the near term. Therefore, investors seeking to 'bottom-fish' could focus on low-priced stocks with solid fundamentals.
