Michael Reynolds, CFA, is a Vice President on Glenmede’s Investment Strategy team. He is the senior research analyst responsible for supporting the development of investment strategies, policies and portfolio construction methodologies applied to Private Wealth client portfolios. Mr. Reynolds began his career with Glenmede participating in the Management Associate Rotational Program, where he gained exposure to a variety of investment-related disciplines, including portfolio management, fixed income trading and investment strategy.
Oil prices zipped higher Monday as the U.S. ordered Kyiv embassy closed, but energy stocks and other cyclicals finished in the red.
Open hostilities could cause disruptions to supply chains, and Western threats to impose financial sanctions could cause issues for banks that have extended credit to Russian guarantors. Russia and Ukraine combined represent less than 3% of global GDP and 0.5% of global equity market capitalization.