We will take a closer look at February returns next week on the blog, but it is worth noting that when a new party is in power in the White House, historically stocks have struggled from late January until early March. “It is interesting, but from around the time of the inauguration to several weeks out, stocks tend to be pretty weak,” according to LPL Financial chief market strategist Ryan Detrick. “It may be as simple as new leadership could bring with it new policies and added uncertainty.”
Lastly, please be sure to watch our latest LPL Market Signals podcast, as we discuss positive COVID trends, small caps and valuations.
Ryan Detrick is chief market strategist for LPL Financial.