February Made me Shiver!
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February Made me Shiver!
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After having the best month in stocks since 2020 in January, which triggered a "golden cross" on the S&P500 on February 2nd, the rest of February saw a broad-based decline across equity and bond markets. The market's pullback started pre-open on Friday, February 3rd, with a BLS jobs report far better than any economic bull could have imagined. Based on market seasonals, it shouldn't come as a big surprise that equities struggled in February after a strong January.
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