February seasonals: The worst month of the year for the Nasdaq ...Middle East

There is bad news on the seasonal front as we enter February, it's the second-worst month for the S&P 500 over the past 100 years and the third-worst since the millennium. For the Nasdaq, it's the worst month since 2000. However there is strong evidence behind that adage of 'as goes January, so goes the year' and with a decent gain last month, it bodes well for 2024 as a whole.Seasonal trades for February:1) The turn in oilOil certainly followed the weak seasonal pattern in November and December before rising modestly in January. Starting in late February there is a strong seasonal pull for oil that runs through May. Yesterday, US numbers revealed that demand has been stronger than weekly nu

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