Volatility soared after Russia launched a full-fledged invasion of Ukraine, prompting Western countries to retaliate with sanctions. The combination of increased geopolitical risk, ongoing inflation pressures, and tightening central-bank policy pushed equities into correction territory, with a 12% drop compared to the high on Jan. 3 before recovering later in the week.
Thanks to the rebound, the S&P 500 closed the week up with 1.20%. For another week, One-Signal Xpert and Xpress both outperformed their reference index, returning 3.97% and 4.71% respectively.