So pleased that both stock portfolios were in the green last month, especially considering that market indices were in the red for the month. As far as I recall, having both portfolios in different colours than the market is pretty rare for me.
The market was pretty flat for the first half of Feb after a strong start to the year, and started to fall in the latter half of Feb after inflation readings from the US and other major economies were mostly higher than expected. High inflation seems to be stickier than expected, thus reinforcing the Fed’s stance on keeping interest rates higher for longer.
Personally, I don’t think the Fed will reaccelerate rate hikes just yet, but they will likely not take their foot off the gas just yet until inflation shows sustained decrease heading towards their 2% target (US CPI was 6.4% in Jan 2023).
See my portfolio value, holdings, and strategy on my Portfolio page....