Indices did well in February, recovering off the lows and powering higher. Although the S&P 500 couldn’t quite end on a high for the month, closing down 0.2%, the overall picture is still much more bullish than it was a few weeks ago.
Historical data (i.e. seasonality) would seem to suggest there is more to come. The table below shows average percentage monthly returns for the S&P 500 and the FTSE 100, over the period 1985 – 2015: