Can Global Equities Sustain the February Momentum?

Global Market Watch

Even though the markets touched new highs in February, they did experience some challenges, notably in the bond sector, which faced difficulties due to an uptick in interest rates. 

The past fortnight concluded on a positive note for major stock benchmarks, with both the Nasdaq Composite and the S&P 500 Index hitting record highs for the first time in more than two years. February wrapped up on a strong note, showcasing the S&P 500's best start to the year since 2019. The gains were widespread, with a version of the S&P 500 that equally weighs its components slightly outperforming the traditional market cap-weighted index. Yet, for the year so far, the market capweighted index has maintained a lead of 4.09 per cent, highlighting the superior performance of large tech-focused growth stocks.