Markets & Economy

The Economy: February 2018

THE ECONOMY: As of February 2018

It has to end eventually. The S&P 500 fell 3.69% in February, the first month of losses since way back in October of 2016. Rising interest rates may have been the proximate cause of the pullback, but after 15 straight months of winning, the market might simply have been due to take a breather. From their highs on January 26th, stocks did drop just over 10%, marketing the first official “correction” since early 2016. This pushed the S&P 500 into negative territory for the year temporarily, before a late-month rebound recovered some of the losses. The 10-Year Treasury yield ended February at 2.90%, the highest since 2013.