Market Taking a Pause for Now

By John Rothe, CMT

John Rothe CMT is the Founder and Chief Investment Officer of Riverbend Investment Management

February 17, 2023

US equity markets continue to trade sideways as investors are digesting mixed inflation data. Interestingly, this pause also lines up with historical trends for the month of February:

Chart showing the monthly trends in the stock market

Sectors within the S&P 500 are also showing mixed signals, indicating that the market is taking more of a pause:


chart showing technical signals of sectors

Longer-term trends are still in place, favoring growth names over value:

The US dollar has been showing some short-term strength. Whether this is the start of another move upward, or just an oversold bounce has yet to be seen. But it has been having a negative impact on US equities:

chart of the US dollar

For now, investors seem to be taking a “pause” to see what the US dollar will do next, and if the historical patterns emerge in March – which favors a strong move upward from here.

John Rothe, CMT

Riverbend Investment Management Logo 2
John Rothe CMT

Riverbend Investment Management is a Registered Investment Advisor (RIA), established in 2006 with the primary goal to provide actively managed investment strategies to both individual and institutional clients.

© Copyright 2023 | Riverbend Investment Management, LLC is a Registered Investment Adviser. | All Rights Reserved.
The information contained in Riverbend Investment Management’s website are of a general nature and is for informational purposes only and does not constitute financial, investment, tax or legal advice. These materials reflect the opinion of Riverbend Investment Management on the date of production and are subject to change at any time without notice due to various factors, including changing market conditions or tax laws. Where data is presented that is prepared by third parties, such information will be cited, and these sources have been deemed to be reliable. Any links to third party websites are offered only for use at your own discretion. Riverbend Investment Management is separate and unaffiliated from any third parties listed herein and is not responsible for their products, services, policies or the content of their website. All investments are subject to varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy or product referenced directly or indirectly in this website will be profitable, perform equally to any corresponding indicated historical performance level(s), or be suitable for your portfolio. Past performance is not an indicator of future results.