Market Whipsaw Sheared Bears Like Sheep in February

Main content

  • February’s rally showed that the market’s most strident bears were overeager in calling the end of this nearly six-year bull run.
  • Fourth quarter earnings outpaced expectations that had been ratcheted down sharply in the face of plunging oil prices.
  • Massive exposure to large-cap equities could make for a crowded trade should investors look to flee a flagging S&P 500.
  • Signs of life in Europe and other non-U.S. markets highlight the importance of broad, global diversification.

Footer content