In their latest commentary, the Cetera Investment Management Team discusses the effect of sanctions on the Russian and overall global economies. With the U.S. and United Kingdom announcing a ban on Russian energy today, overall inflation will likely be entrenched in the economy more than anticipated prior to the invasion. One increasingly possible scenario is stagflation where growth experiences a simultaneous increase in inflation and slower economic output. Diversification remains a key strategy to navigate market uncertainty.
As always, please reach out to the office if you have any questions.