25 January 2022 - Wild Moves on Wall Street | EBOS Holds Up Global markets were extremely volatile overnight, with US markets (S&P 500 index +0.3%) eking out a gain after heavy losses early in the session. The Nasdaq Technology rose +0.6%, reversing a sharp -4.9% drop earlier in the session. European Markets (Stoxx 600 index -3.6%) were sold off sharply. The volatility comes as investors brace for the US Federal Reserve announcement later this week and expectation of higher interest rates. Adding to negative sentiment, there are growing tensions between Russia and a potential invasion of Ukraine. US President Joe Biden will hold a call with European leaders as western nations work to strike a unified position on Russia. The North Atlantic Treaty Organization said it would boost its deployments in eastern Europe in a bid to deter a new Russian invasion in Ukraine. A note from a JP Morgan strategists stated the sell-off in equity markets wa...