The Dow certainly roared into March like a lion, reaching a record high just five days into the month. But can the markets maintain their momentum? Chief Portfolio Strategist Dr. Brian Jacobsen, CFA, CFP®; Chief Equity Strategist John Manley, CFA; and Chief Fixed-Income Strategist James Kochan are here to provide their outlook for the month ahead. From March’s Roundup:
With the Italian election and the run-up to the sequester in the U.S., February was a politically noisy month. Ben Bernanke, chairman of the Federal Reserve (Fed), gave reassuring words to the markets during his testimony before Congress. Despite all that excitement, March could be an even more interesting month. People say that when it comes to the weather, March goes in like a lion and out like a lamb—a saying that could also apply to the markets. Depending on how events unfold, it could be more of a lion throughout the month, especially as U.S. politicians are likely to play chicken with the federal budget.