Texas Legacy Wealth Management Blog
Last month we suggested that the chance for some stock market volatility had increased as our market sentiment indicator was flashing a warning sign. While May started out strong, we saw some volatility as the market pulled back in the middle of the month before bouncing back and finishing the month roughly where we started (YCharts).
The stock market has been a bright spot in February, despite a choppy end to the month, as stocks were up about 3% (YCharts). Continued positive economic data, increased vaccine distributions, and better than expected earnings likely served as the primary drivers, while the last few days brought some concerns over higher interest rates.