Hi All - Happy Saturday and welcome back to Street Tweets from The Street Sheet. 

And welcome to the month of February. According to MarketWatch, “Since 1928, February, on average, has delivered a negative 0.1% monthly return for the large-cap S&P 500 index, the second worst month of a year on average.

That decline is more than doubled in an election year, with the index suffering an average 0.3% February drop, according to Dow Jones Market Data. Februarys in election years are also more frequently negative, with the S&P 500 ending the month down 50% of the time, versus 47.9% overall, according to Dow Jones Market Data.”

With that wonderful sentiment on our minds to start this amazing Saturday, let’s dive in. But before we do, a word from our sponsors below. By the way, we don’t say this enough, but please support our sponsors! These wonderful folks help us keep the lights on around here.

Together With 10East

Where Sophisticated Investors Access Private Markets

10 East is a co-investment platform where sophisticated investors access private market investments alongside principals with a 12-plus-year track record of strong performance across over 350 transactions.

Benefits include: 

Flexibility: members have full discretion over investing on an offering-by-offering basis. 

Alignment: the principal commits material capital to every offering.  

Institutional resources: a dedicated investment team sources and diligences all offerings.

Best of all, no upfront costs or commitments are associated with joining.

Market Review:

Wall Street wrapped up a volatile week with mixed results on Friday, as the S&P 500 fell 0.5%, the Dow Jones dropped 337 points, or 0.8%, and the Nasdaq slipped 0.3%.

Stocks lost earlier gains after news broke that President Trump's tariffs on Canada, Mexico, and China would take effect today. Concerns over persistent inflation lingered as well, after the PCE price index showed a 2.6% annual rise in December.

The volatility started earlier in the week, with the news of China’s cheaply developed AI model DeepSeek sending shockwaves through the sector, and mixed earnings from a number of major companies contributing to the rollercoaster ride.

The Dow finished the week with a slight gain, while the S&P 500 and Nasdaq Composite both shed more than 1%. However, despite a rocky January, the three major indexes ultimately notched monthly gains, with the Dow up 4.7%.

Market Preview:

Next week is packed with significant economic data releases and Fed Speak that could shape market sentiment.

Monday kicks off with the S&P Final US Manufacturing PMI, ISM Manufacturing data, and December’s Construction Spending report. Investors will also watch for remarks from Atlanta Fed President Raphael Bostic.

Tuesday features the latest Job Openings and Factory Orders data for December, alongside a slew of more Fed Speak.

Wednesday brings the ADP Employment report, a precursor to Friday’s official jobs data, along with the US Trade Deficit update. Fed Speak will keep rolling in throughout the day as well.

Thursday will focus on Initial Jobless Claims and Q4 Productivity data. We’ll also get (you guessed it) more Fed Speak; this time, a speech by Fed Governor Christopher Waller.

Friday is the most crucial day of the week, as markets react to the latest jobs report, which includes key metrics like the Unemployment Rate, Hourly Wages, and Wage Growth. Additionally, Wholesale Inventories and Consumer Sentiment Index preliminaries will come in.

A must-see list for the risk-averse among us.

TIL Target is more than a century old.

I also learned the company atop the leaderboard, Altria Group, is only 40 years old…

The math is not math-ing. 🤔

Early contender for “Least Surprising Chart of 2025.”

I bet a side-by-side comparison of this and one charting “Daily average time spent on TikTok” would make a compelling case for the ban.

Don’t always believe the hype.

A friendly reminder of why trying to time the market is typically frowned upon. I’m guessing anyone who conducted a diligent, long-term analysis of Opendoor in 2021 did not throw $100,000 at it. Well, maybe into a short position…

Together With 10East

Where Sophisticated Investors Access Private Markets

10 East is a co-investment platform where sophisticated investors access private market investments alongside principals with a 12-plus-year track record of strong performance across over 350 transactions.

Benefits include: 

Flexibility: members have full discretion over investing on an offering-by-offering basis. 

Alignment: the principal commits material capital to every offering.  

Institutional resources: a dedicated investment team sources and diligences all offerings.

Best of all, no upfront costs or commitments are associated with joining.

Yeah… that’s one job the robots probably aren’t coming for.

Rest easy, Oscar the Grouch, Sid from Toy Story, and famed “Waste Management Consultant” Tony Soprano.

Now that’s analysis.

I see 1941 was also the Year of the Snake…

Hope DOGE isn’t planning to pull funding from Pearl Harbor anytime soon. 😬

TRIVIA