Volatility continued this week but to the upside; this despite more saber rattling over Ukraine. S&P 500 stocks gained +2.7% in a holiday shortened week. The 10 year Treasury bond yield sits at 2.72%, up a dime over the week.
U.S. and global equity markets improved as geopolitical risks declined. Russia pulled some troops back from the Ukraine border, though the U.S. and Russia still seem far apart on a resolution.
Stocks in the U.S. had a mixed week, with the S&P 500 dropping (-0.4%) while the Dow Jones Industrial Average managed a modest gain (+0.1%). As of the close on Friday the S&P 500 is flat for the month of March, but up +1.0% in 2014.