ACG’s February Capital Markets Review

(Download the full report HERE)

Market Highlights

  • Markets pulled back in February after a strong start to the year as investors digested mixed signals between the economy, inflation, and Federal Reserve.
  • The S&P 500 fell -2.44%, but is still up +3.69% year-to-date.
  • S&P 500 sectors were broadly negative for the month, although the Information Technology sector eked out a +0.45% gain.

  • Value stocks have given up some recent leadership relative to Growth, as the Russell 1000 Value fell – 3.53% to -1.19% for the Russell 1000 Growth in February.
  • Developed International and Emerging Market equities also struggled for the month with the MSCI EAFE falling -2.09% and the MSCI Emerging Markets Index losing -6.48%.
  • Fixed income markets reacted to messaging from the Federal Reserve that they are committed to keeping rates higher for longer to battle inflation. The Bloomberg US Aggregate Bond Index was down -2.59% for the month as the 10-year Treasury yield rose from.

Sources: Morningstar Direct, MSCI

Download the full report HERE to see index returns and more.