February: In With A Bang, Out With A Whimper

The month of February has been a tale of two markets for global investors with the first half of the month seeing nothing but gains and the second half seeing pretty much nothing but declines. The Bloomberg World index of more than 4,000 global companies was up eleven days in a row to start the month for a gain of more than 6%!

Since February 15th, though, the index has fallen on eight of nine trading days for a decline of more than 4%. As it stands now, the index is still up 1.9% for the month, but the second-half declines have now left the index below its 50-day moving average for the first time since Election Day 2020 (11/3).  

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