TD IMX Monthly review February 2023

The TD Ameritrade client accounts had an increased investment exposure in the February period with the IMX increasing to 4.57, a 6.03% increase. Despite every S&P sector trading lower, TD Ameritrade clients were net buyers of equities in February, showing buying interest in all S&P sectors, with the strongest buying interest in the Communication Services and Consumer Discretionary sectors. The February period had macroeconomic catalysts and the bulk of the latest quarterly earnings season, with a strong rally in US equities following the Federal Reserve's FOMC meeting, although the Employment Situation report reignited inflation concerns, leading the S&P 500 on a downward trajectory. The primary culprit for the weakness in equities was higher yields as US Treasury markets faced steep selling, sending yields higher. TD Ameritrade clients were net buyers of equities overall during the February IMX period, seeing market weakness as an opportunity to increase exposure in several individual names, including Tesla, Microsoft, Alphabet, Amazon, and 3M Company, among others. However, TD Ameritrade clients also reduced exposure to some individual names, including Meta Platforms, Netflix, Warner Bros. Discovery, Nvidia, and Apple, among others.