The end of February proved its reputation of poor market performance as inflation fears stoked interest rate increases. This caused bonds, stocks and gold to correlate for a downside move.
A steep fall in US mortgage applications while at the same time US household income soared posed problems for inflation observers. The tech market continued it sell off on fears of economic ‘normalcy’ returning. Higher lending rates looks to take away the easy money option for raising capital.
Certain stocks look interesting, although only a short term buying opportunity in most cases exists.