Can February Extend This Three-Month Rally?
$S&P 500(.SPX)$ has seen three consecutive months of gains, with the market hitting new highs, now just a stone's throw away from 5000 points.
The combination of earnings season and AI hype made for a cheerful January in the stock market.
Tonight's FOMC decision will set new directions for rate cut expectations.
However, what's more crucial is earnings reports from the three tech giants: $Apple(AAPL)$ , $Meta Platforms, Inc.(META)$ , and $Amazon.com(AMZN)$ . These reports will have a far-reaching impact on the market.
How will market perform in February?
Sam Stovall, chief investment strategist at CFRA,
“February ranks as the second worst month of the year, with an average decline of 0.21%, following September."
Can February extend the rally of January?
Or broader market will retreat like history shows?
How do you expect February’s performance?
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The prices seems to go down a little bit maybe due to many investors/traders already on holiday mood for Chinese New Year. 🧧
I don't think it will extend, it is depend on how fed too and economic situation (the company earning reports)
1. The market could be getting ahead of the Federal Reserve in terms of interest rate cuts. While the Fed expects only three interest rate cuts in 2024, the market is currently pricing in six interest rate cuts next year. Any pullback in expectations of how many times the Fed cuts interest rates next year could lead to downside volatility in stocks.
2. "AI timeline could be pushed out due to a 'systematic hack' by malevolent AI," Lee said.
3. "Equity markets need to consolidate the parabolic gains from late 2023," Lee said.
4. "A drawdown in February/March timeframe is consistent with election year seasonal returns," Lee said.
See picture thanks
with Fed indicating it's not.time to cut rate, it sends the market trending down these few days. therefore, may not see any good performance soon...
however, this is also the opportunity to buy stocks at a good price...
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Can February extend the rally of January?
Or broader market will retreat like history shows?
How do you expect February’s performance?
Leave your comment and also post to win tiger coins~
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