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Market Review February 28 2023
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June 2024

Market Review - February 28, 2023

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In this weeks market review, we’ll provide an overview of the current state of the financial markets. We’ll show that now is an opportune time for the style factor Value. Read down to where we ask the big question "Is the meme stock dead?" and investigate the mania of meme stocks. You can visit last weeks market review here.

Let's begin with a look at notable performances over the past week.

The Market

Last week, the stock market experienced a significant wobble with the S&P 500 (SPY), Nasdaq-100 (QQQ), Russell 2000 (IWM), and the Dow Jones Industrial Average (DIA) all recording losses of nearly -3%. This was the worst week of the year for the S&P 500, Nasdaq, and the Dow. While the S&P 500, Nasdaq-100 and the small-cap Russell 2000 are still positive in 2023, they have retraced almost 50% of their January gains. The Dow has fallen into negative territory.

Indices results February 2023
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