$40B Flooded The Market In February ππ
The tech-heavy Nasdaq 100 also paints a picture of extraordinary resilience. It surpassed the 18,000-point mark and closed the month at an all-time high. The surge in the Nasdaq 100, up 28% since late October, offers a testament to the unwavering appetite for tech-oriented investments.
The S&P 500 index, a bellwether for the U.S. stock market, ends February with a 5.3% surge, marking its fourth consecutive month of gains. Since the tumultuous days of late October, the broader stock market rally now nears an impressive 25% increase.
β οΈ Trading tips: Almost everything will likely gap up today from the Federal Reserveβs favored price gauge, the personal consumption expenditures index, was in line with economistsβ expectations. Will it begin to retrace as tarders take profits? If you're green for the week, take small position only or simply take a break and don't give your profits back. Stay green for March and enjoy the weekend! π
Breakout or third time rejection?
Within the captivating realm of exchange-traded funds (ETFs), like to highlight those commanding the largest influx of money throughout February.
Among these standouts, six offer exposure to broader equity indices, two pivots towards Treasury bonds, while one extends its focus on Bitcoin (CRYPTO: BTC).
Top 10 US ETFs By Inflows In February
ETF Fund Flows (1M) AUM
Vanguard S&P 500 ETF (NYSE:VOO) 6.815B 413.71B
iShares Core S&P 500 ETF (NYSE:IVV) 5.881B 442.69B
Vanguard Information Technology ETF (NYSE:VGT) 5.786B 69.413B
iShares Bitcoin Trust (NYSE:IBIT) 3.891B 8.07B
Vanguard Intermediate-Term Treasury ETF (NYSE:VGIT) 3.1B 24.816B
SPDR Portfolio S&P 500 ETF (NYSE:SPLG) 3.066B 31.938B
Vanguard Total Stock Market ETF (NYSE:VTI) 2.819B 374.803B
iShares Core U.S. Aggregate Bond ETF (NYSE:AGG) 2.348B 101.583B
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) 1.874B 252.624B
iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) 1.566B 48.99B
On Friday, Feb. 9, the S&P 500 index topped 5,000 for the first time. This milestone prompted remarks from President Joe Biden. βThe stock market going strong is a sign of confidence in America's economy,β he said on social media.
Treasury yields slipped and US stocks moved higher, pushing the S&P 500 to yet another all-time high β its 14th record this year. The Nasdaq 100 rose almost 1% with Nvidia leading gains in megacaps. Bitcoin also rallied again Thursday, a day after the 10 new exchange-traded funds investing directly in the worldβs biggest cryptocurrency took in a net $673 million, handily beating their launch day record.
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- Terra IncognitaΒ·03-01TOPThanks for consistently providing valuable insights for fellow traders. Trade safe and win!2Report
- AqaΒ·03-02TOPCongrats profits. Liked and shared.1Report
- koolgalΒ·03-02Great work πππ. May we all Win Big this March! πππππππ°π°π°1Report
- ZEROHEROΒ·03-02Letβs do it πͺLikeReport