US Stocks led the way through February with several indices crossing all-time highs throughout the month. Corporate earnings season has impressed so far; the majority of larger companies have reported 4Q earnings that beat analysts’ expectations, propelling stocks upward.
Inflation remained stubbornly above analysts’ expectations and the Fed’s 2% target, all but ending the proposition of a rate cut to occur in March. Higher than expected inflation, and the likely delay in rate cuts drove yields up and fixed income down over the month.
International equities made a strong rebound after a poor start to the year, driven mostly by Japan and China with emerging markets having a stellar month and posting solid gains.
February 2024 Market Commentary & Outlook
US Stocks led the way through February with several indices crossing all-time highs throughout the month. Corporate earnings season has impressed so far; the majority of larger companies have reported 4Q earnings that beat analysts’ expectations, propelling stocks upward.
Inflation remained stubbornly above analysts’ expectations and the Fed’s 2% target, all but ending the proposition of a rate cut to occur in March. Higher than expected inflation, and the likely delay in rate cuts drove yields up and fixed income down over the month.
International equities made a strong rebound after a poor start to the year, driven mostly by Japan and China with emerging markets having a stellar month and posting solid gains.