Global equity markets had a volatile first quarter, ending down for the quarter, as March was not enough to make up for the poor returns from January and February. Additionally, the bond market suffered its worst quarter since 1980.
For the first quarter of 2022:
The DJIA was down 5.2%
The S&P 500 was down 5.5%
NASDAQ was down 10.2%
The Russell 2000 was down 8.9%
The themes that drove market performance in the first quarter were the same themes that drove markets toward the end of last year. However, in late February and throughout all of March, Wall Street dealt with the invasion of Ukraine by Russia and its impact on global markets. [Source: Patriot Investment Management.]
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