"We are looking at a relief rally today because the market was down so much last week," said Sam Stovall, chief investment strategist at CFRA Research in New York.
"February historically is the second worst month of the year for the stock market. So investors are concluding from a seasonal perspective that maybe stocks could rally at least in the near term." The yield on two-year notes , the most sensitive to short-term rate expectations, slipped after touching a near four-month high earlier in the session.
My view. As long as the UkraineRussiaWar continues, interest rates & inflation will remain high. Most stock markets will remain under pressure, Bank FD will be a better investment till then. Enjoy ☮️ peace.
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