STOCK MARKET WATCH -- Tuesday, 1 March 2022

[Tansy_Gold]

STOCK MARKET WATCH, Tuesday, 1 March 2022

Previous SMW:
SMW for 28 February 2022




AT THE CLOSING BELL ON 28 February 2022


Dow Jones 33,892.60 -166.15 (0.49%)
S&P 500 4,373.94 -10.71 (0.24%)
Nasdaq 13,751.40 +56.77 (0.41%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:











Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Non-event day for me

I think capitalism will be glad to see the end of the remnants of Soviet communism, but of course the war will hang over everything until it ends which could be a long time. Nuclear threats don't help. The Fed is boxed into a rate hike. The debt implosion from Russia will reverberate elsewhere. This is hunkering down time. Energy, EV's, consumer staples seem like a growth concept.

[democratsruletheday]

2. nice post....

topsy turvy day but that's to be expected with everything that's been going on. I just deposited another $400 into my Roth the other day...I designate $400 per month to it and won't stop due to some turbulence. Have 12 years until retirement and IF the market holds decently we should be OK. Really don't prefer to work past 63 but....wishing and wanting don't make it so.

[progree]

3. Russian focused EFTs plunge 30%. & a note about emerging market funds (Russia is an emerging market)

... xchange-traded funds that offer the best way to gain exposure to Russia’s stock market were on pace for their worst month on record, as sanctions levied against Moscow, in response to its unprovoked attack against Ukraine, slam the Kremlin.

The VanEck Russia ETF RSX, -30.83% was down 28% on Monday, and down 54% so far in February, putting the popular ETF on pace for the worst monthly loss since its inception back in April of 2007.

Another: ERUS: -27.52%
https://www.marketwatch.com/story/russia-focused-etfs-on-track-for-worst-monthly-losses-on-record-as-moscow-attacks-ukraine-11646077407?mod=home-page

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I have a considerable stake in an emerging market fund, Vanguard's VEMAX. Russia is considered an emerging market.

Fortunately only 2.8% of its holdings are Russian (as of 1/31/22 -- probably that percent is quite a bit lower now with the reduction in Russian stock values)

Interesting that I couldn't find the by-country composition from Vanguard though I might have not looked hard enough. Fidelity has them -- https://fundresearch.fidelity.com/mutual-funds/composition/922042841

Probably Morningstar too.