Stock Market Today: February 8th - 12th, 2021

huh, interesting. well apparently we are having the best start to a februrary (which is notoriously a weak month for the market historically speaking) since at least 1991

mtd the spx is up +5.4%. in 1991 it did +7.6% in february.

meanwhile, if the market seems a little boring right now, it's because it actually is lol.

the spx has closed within 0.2% of the prior days close for 3 straight trading days. the last time that happened was back on november 2019.

oh and for the the upcoming valentine's day indicator. that's looking pretty positive as well. the average spx return since 1950 from 2/14 until the end of the year is +7.5%. however, if it is up greater than +4% ytd on 2/14, then that increases the spx performance up to +13% the rest of the year. right now as we speak the spx is up +4.3% ytd

 

Good Friday morning StonkForumers!

Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open-
<-- click there to read!

Hope everyone has a great trading day ahead on this final trading day of this week.

 

Morning Lineup - 2/12/21 - A Global Tide
Fri, Feb 12, 2021

It's another quiet morning in the equity markets as futures are little changed ahead of the three-day weekend. There's also little on the data calendar today besides Michigan Confidence at 10 AM. The key data point to watch in this release will be inflation expectations to see how sentiment towards prices is trending among consumers.

This market rally that started at the beginning of February has been a global tide lifting all boats. As shown in the chart below, the Bloomberg World Index has seen all green in its daily candlesticks and through Thursday was up nine days in a row taking the index to new highs.



At nine days and counting, the current winning streak for the Bloomberg World Index is the longest since early 2018 and one of only a few that have lasted this long since 2004.

 

hah i just managed to capture the dj30 futures chart on finviz and couldn't resist posting it up in here as well



exactly unch'd at the moment

that is very fitting, for how this week has gone overall...pretty much nowhere

i mean, outside of a few individual names, the indices as a whole were incredibly choppy/sideways.

pretty boring week overall if you ask me...maybe once earnings season is behind us we'll get some much overdue volatility back in this market.

speaking of volatility. i was eyeing the VIX earlier this morning, saw it was around 20...dare i say it, could we finally see a sub-20 closing print on the vix? it's been almost 1 full year since we have seen that!

 

and there it is! lol

first closing print under 20 on the VIX since basically 1 year ago


almost had to pinch myself there to make sure what i was seeing was actually real

 

have yourself a wonderful 3-day weekend everyone!

thank you all for all the great contributions in here this week!

remember that the u.s. market is closed this coming monday (feb. 15th) for presidents day.

futures market will operate on an abbreviated session. opening at the normal 6pm eastern sunday time, then halting at 1pm eastern time on monday. and then reopening at 6pm eastern time on monday evening.