U.S. CPI data for February slightly exceeded expectations, and core inflation exceeded expectations for two consecutive months, further supporting the Federal Reserve's caution in cutting interest rates.
Housing and gasoline costs continue to hold back inflation.
After the data was released, the $USD Index(USDindex.FOREX)$ rose first and then fell. S&P 500 index futures $E-mini S&P 500 - main 2406(ESmain)$ and $E-mini Nasdaq 100 - main 2406(NQmain)$ first fell and then rose to daily highs.
$S&P 500(.SPX)$
$Invesco QQQ Trust-ETF(QQQ)$
Marching into March: How Will the Stock Market Fare?
$S&P 500(.SPX)$ has risen for 4 consecutive months. February seems to have broken the spell of its worst performance.
Last year, March witnessed a bank run. This year's March also faces the test of elections.
How will March fare?
How do you expect March?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments