THE ECONOMY: As of February 2019
Strong momentum carried into February as the stock markets rallied further off their late December lows. The S&P 500 is off to its best two-month start in nearly 30 years, up 11.48%. Small cap stocks have also stood out, gaining 17.03% through the end of last month. A more cautious approach to monetary policy out of the Federal Reserve and an apparent easing of trade tensions between the U.S. and China have boosted investors’ confidence. With the government shutdown over, economic data releases should return to a normal schedule, giving us a better read on first quarter growth.