February 2023 update - Inflation fails to slow down. Stock spotlight on Evercore
After a strong start to the year, financial markets hit a patch of volatility in February. While it’s not uncommon for stocks to be up one day and down the next, there’s also been big intraday swings. On February 23rd for instance, US stocks started the day up 0.8%, then were down to -0.6% by mid-day, then rebounded to finish the day up 0.5%. Then on the 24th, stocks reversed course sharply and dropped around 1%. Bleak economic data is the cause for the recent turbulence. Inf