What a difference two months makes. February has continued January's uptrend in the stock markets. As bad as things looked and felt in November and December, this year has felt the opposite. Markets tend to have momentum, either positive or negative. Once a trend is established, a catalyst is required to reverse the trend. The Federal Reserve's comments in Q4 helped fuel the negative sentiment which sent the markets in a tailspin, and their bullish comments in January created the current momentum we are enjoying. Let's hope it continues.
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- The Markets are Off and Running – For Now: As the markets turned lower late last year, the momentum was amplified by analysts and traders who watch technical signals. Last quarter, many major technical measures were flashing sell signals. Well many of those same technical readings have recently turned to buy signals. Though nothing is ever certain, it is a good sign for markets in the near-term.