Long Road To Nowhere.
Stocks took a long road to nowhere, ending the week right back where they started it - with a sharp fall and then a solid comeback rally with yet more new all-time highs reached at one point. In the end, however, the S&P 500 just missed out on achieving a 17th week of gains out of the last 19.
Markets floated gently lower without real directional conviction on Monday, with a lack of any real catalysts ahead of (in order of appearance) Super Tuesday, Fed Chair Jerome Powell’s testimony to a House committee, Biden’s State of the Union address and the Jobs Report, all later in the week…
The skinny
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