Featured Market Data
Sentiment Weakens in February
U.S. Economic data reported in February generally weakened as shown by the Citigroup Economic Surprise Index turning negative during the month. At the same time, consumer confidence softened, led by a decrease in the Expectations component of the index. The risk-off sentiment focused on themes of slowing growth, concerns surrounding tariffs and inflation, and a cautious Fed following higher than expected January CPI. On a positive note, with 97% of S&P 500 companies reporting, 75% and 63% reported positive surprises for EPS growth and revenue growth, respectively. Despite these positive results, the S&P 500 declined 1.3% for the month and Treasury prices were higher.
Source: Bloomberg, FactSet
