Friday's market 3/20
The U.S. offered Ukraine 800 million dollars in new weaponry this week. On Friday, President Joe Biden warned Xi Jinping against supporting Russia's invasion. He said that he didn't want war in Ukraine but he doesn't approve of sanctions, either. The China stance is important in the world.
In terms of inflation, global food prices are already at record high. The United Nations warned it.
Stocks closed out their best week since November 2020, as buy the dip investors dived into action after the market started the week from an oversold position. The FRB's raising its benchmark pate for the first time since 2018 helped bullish sentiment. Technology shares led stock gains after investors endured a 3.5 trillion dollar triple witching event and a rebalancing of benchmark indexes.
Oil remained above 100 dollars a barrel. The yield on the 3 year treasury note moved above the 5 year security. It's the latest in a series of curve inversions. It is seemw by someone as traders bets on the risks of a recession.