Equities extended their advance into February amid resilient economic data and a stabilizing policy backdrop, though persistent inflation concerns and sector-specific pressures added complexity. The S&P 500 held on to modest gains for much of the month, supported by stronger-than-expected labor data that tempered expectations for near-term Federal Reserve rate cuts, but finished lower as leadership broadened beyond the mega-cap technology stocks that have driven returns in recent years, signaling improving market breadth. With earnings season nearing completion, 96% of S&P 500 companies reported fourth-quarter 2025 results, and 73% delivered positive earnings-per-share surprises, underscoring solid underlying fundamentals. However, late-month results from large technology firms highlighted both AI-driven efficiencies and lingering supply chain vulnerabilities. Inflation fears resurfaced late in the month following misses in headline and core Producer Price Index data, raising questions around the feasibility of rate cuts despite the announcement that Kevin Warsh is expected to succeed Jerome Powell as Federal Reserve Chair later this year. Geopolitical risk remained elevated as U.S.-led military action alongside Israel in Iran occurred on the final day of the month, when markets were closed, contributing to oil price volatility and added uncertainty.
YYYM seeks tax-advantaged high monthly income through a portfolio of municipal CEFs March 10, 2026 – Chicago – Amplify ETFs, a leading provider of breakthrough ETF solutions, today announced the launch of the Amplify Municipal CEF High Income ETF (YYYM), which is designed to deliver federally tax-advantaged high monthly income through diversified exposure to ~30 U.S. municipal bond closed-end funds (CEFs).
Equities extended their advance into February amid resilient economic data and a stabilizing policy backdrop, though persistent inflation concerns and sector-specific pressures added complexity. The S&P 500 held onto modest gains for much of the month, supported by stronger-than-expected labor data that tempered expectations for near-term Federal Reserve rate cuts, but finished lower as leadership broadened beyond the mega-cap technology stocks that have driven returns in recent years, signaling improving market breadth. With earnings season nearing completion, 96% of S&P 500 companies reported fourth quarter 2025 results, and 73% delivered positive earnings-per-share surprises, underscoring solid underlying fundamentals even as late-month results from large technology firms highlighted both AI-driven efficiencies and lingering supply chain vulnerabilities. Inflation fears resurfaced late in the month following misses in headline and core Producer Price Index data, raising questions around the feasibility of rate cuts despite the announcement that Kevin Warsh is expected to succeed Jerome Powell as Federal Reserve Chair later this year. The Producer Price Index (PPI) measures the average change overtime in the selling prices received by domestic producers for their output and is measured and produced by the Bureau of Labor Statistics. The prices included in the PPI are from the first commercial transaction for many products and some services. Geopolitical risk remained elevated as U.S.-led military action alongside Israel in Iran occurred on the final day of the month, when markets were closed, contributing to oil price volatility and added uncertainty.
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