ACTV - 'Sound And Resilient'
2024-02-05 11:15:00 ET
Summary
- Over the last 50 years, February has been the second-worst performing month of the year.
- If the market usually goes down in February and a banking crisis is on the horizon, why was the market up this week?
- The stock market is front-running the banking crisis. They know the Fed will lower rates, add liquidity, and save the day.
As much as I look forward to turning the page on the calendar, the market usually does not look kindly on February. Over the last 50 years, February has been the second-worst performing month of the year. The last two weeks of February are historically the worst two-week stretch of the year. But this February, it seems as if the entire universe is looking for a drawdown this month to add to their Nvidia ( NVDA ) and Microsoft ( MSFT ) holdings....
'Sound And Resilient'