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Looking Back at the Markets in February and Ahead to March 2024
February was a good month for stocks, with most markets up in the low- to mid-single digits on positive economic and earnings news. The riskiest indices, the Nasdaq and emerging markets, performed especially well as investors stayed risk-on. Fixed income, on the other hand, generally declined as interest rates rose significantly during the month on fading hopes for Fed rate cuts. These results reflected the broader economy in different ways. But, where growth continues, so does inflation. Looking Back The markets and the Fed. Last month’s mixed markets were a battle between rates. They rose sharply before pulling ... (full story)