A Start to Remember for the Markets

Learn more about this firm

In my last blog, I talked about how strong Januarys historically tend to lead to strong returns throughout the remainder of the year. But I also noted there could be a bit of volatility in February. To my surprise, this turned out to be one of the better Februarys the S&P 500 has ever had, finishing the month up 5.17 percent.

While I may seem like a broken record with my consistently optimistic historical analyses, please know my perspectives are data-driven. Should the data suggest a shift toward a less favorable outlook? My viewpoints will evolve accordingly.

2024 Coming in Hot

With a strong February now behind us, the S&P 500 is up 6.84 percent through the first two months of 2024. This marks the 20th time since 1957 when the S&P 500 was up more than 5 percent through the first two months of the year. Of those prior 19 occurrences, 17 generated positive returns over the final 10 months of the year and 12 saw double-digit returns to finish off the year.


Strong February Returns

Since 1957, including February 2024, we now have 68 Februarys under the belt. Including this month, only 36 (52.94 percent) of those have had a positive return. Of those 35 other years that saw February post a positive return, more than 80 percent saw a positive return over the next 10 months into year-end.

Learn more about this firm