Current Geopolitical Risk

February 23, 2022

Dear Clients and Friends,

As the Russia/Ukraine conflict evolves and escalates we thought that providing a chart (as we like to do) would be helpful. War is a terrible situation and what we worry about is the unknowable direction they can go. You are prepared for the unpredictable with the planning that goes behind your portfolio, however down markets often lead to worry and stress.

We have had very few “buying opportunities” these last few years as markets have been relatively calm, but we are starting to see some opportunities emerge. The average intra year pullback from peak to trough has been 14%. We are around 11% on the S&P 500 as of this writing and closer to 6 – 7% on a diversified portfolio. Please see the below report which shows most conflicts resolve and markets rebound swiftly. If you have any questions, please call us and we can go over your situation directly.

Thank you for the confidence you place in Brown and Company, Inc.

Geopolitical Events Returns Graphic

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All index and market data from FactSet and MarketWatch.
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