From increasingly hawkish central banks to worries about a war that could exacerbate an inflationary spiral, risks for stocks are piling up.
Equity markets have reeled on signs that central banks will tighten policy far more aggressively than previously expected, disrupting a rally that had braved successive flare-ups of a once-in-a-century pandemic. They’re now contending with the uncertainty of a potential military conflict, although Russia has repeatedly denied it plans to invade Ukraine.
