Stocks and bonds both fell in February as inflationary data surprised the market by coming in higher than expected, resulting in the market pricing in higher interest rates in conjunction with persistent inflation.
Markets stormed out of the gate in January with both stock and bond markets rallying on expectations that central banks will reverse course in Q4 2023 and cut rates.
The market reversed course in December after hitting the upper band of the trading channel (just above the 200-day moving average) that it traded in during 2022. The S&P 500 finished down 5.2% (in CAD) and the TSX Composite Index fell 4.9%.
- Month in Review - November 2022
- Month in Review - October 2022
- Month in Review - September 2022
- Month in Review - March 2022
- Month in Review - February 2022
- Month in Review - January 2022
- Month in Review - December 2021
- Month in Review - October 2021
- Month in Review - September 2021
- Month in Review - August 2021
- Month in Review - July 2021
- Month in Review - June 2021
- Month in Review - May 2021
- Federal Budget 2021: “Finishing the Fight” and Beyond
- Introducing Laurier Private Equity – Invest Like a Pension
- Christmas 2020 Update
- Market Update: November 6, 2020
- Market Update: September 2020
- Market Update May 26, 2020
- Market Update May 8, 2020