During periods of volatility, we prefer to “over-communicate” to keep you well-informed.

Despite the current market pullback, the economy remains strong with Q4 earnings showing a 17.8% y/y growth, the highest since Q4 2021.

Historically, February tends to be a weaker month, with an average return of just 0.15%.

The U.S. economy remains robust, providing a solid foundation for continued growth.

The major averages closed the month at or near all-time highs. For 2024 the S&P 500 is up 26.5%, Nasdaq 28.0%, Dow Jones 19.2%, and the small- cap Russell 2000 has gained 20.1%. All very impressive gains.

We anticipated volatility leading up to the election. Instead, asset markets priced in a Trump win in the two weeks leading up to November 5th.