As Russia continues its invasion of Ukraine, Jill Malandrino discusses what impacts it is having on U.S. equities. Malandrino says stocks have held up pretty well partly because the uncertainty of war makes it even harder for the Federal Reserve to engineer a “soft landing” using rates while reducing their balance sheet. Malandrino also discusses recent positives in financial markets including strong U.S. manufacturing data, earnings and high levels of employment.
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