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Stock Market Update Monday February 26, 2024

Stock Market Update for Monday, February 26, 2024 The stock mark drifted lower throughout the session, settling 0.4% lower on the S&P 500 in what was a quiet day in the markets. This week will see more macro data coming out starting tomorrow. Our cycle work analysis indicates that a sell-off is expected in the month of March, extending into April.


Away From Stocks: Treasurys, like the stock market, remained under modest pressure following a soft five-year auction, with the long bond rising three basis points to 4.4%. WTI crude rebounded back towards $78 a barrel, gold ticked lower to $2,031 per ounce, and the VIX held just south of 14


Bitcoin Breaking Out With Bull Flag


 

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