Fran Radano, Senior Investment Manager:
“As intense fighting continues in Ukraine, we await a cessation in hostilities through either diplomatic agreement or forced surrender. As a result, investors and analysts remain watchful and cautious as they fix their gaze on affected markets, particularly financials and energy.
“Global equity markets appear to be working through supply-chain issues as pandemic-related labour pressures subside and activity restrictions are relaxed. While the Omicron variant of Covid-19 persists, it is hoped that the world can gradually recover and finally emerge from the pandemic this year. We feel that economies globally are now poised to work out the details of living a post-pandemic life – as soon as geopolitical conditions allow.
“We take comfort in the recent strength of corporate results as well as the overall level of corporate confidence. For now, management teams with which we have spoken following the release of their respective corporate results remain bullish on their company’s prospects for the balance of 2022 and comfortable with the guidance they have set, which by and large calls for continued sales and earnings growth. Only time will tell if these forecasts prove too aggressive, but for now, we remain cautiously optimistic around the overall macroeconomic landscape in the US.”