Cetera Weekly Recap
Stocks Reverse Lower
Equities End Two Week Rally Stocks declined last week, snapping a pair of prior weekly gains after geopolitical and inflation risks intensified. So far, diplomatic efforts to avert a Russian invasion of Ukraine have failed to ease tensions, with the Biden administration warning that a war could erupt in Ukraine “any day now.” President Biden promised that any aggression into Ukraine would be responded to “swiftly and decisively.” On Thursday, Labor Department officials said consumer inflation reached 7.5% from a year ago, the highest since 1982.
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