The Nasdaq Composite had its best January in more than 20 years this past month, which is a promising sign for investors. The index, primarily made up of technology stocks, was up 10.7% in January, the best return in January since 2001. It was a bit unexpected as many market watchers predicted that there could be another correction in 2023, due to projections that an economic slowdown, and potentially a recession, is possible, given the rapid rise in interest rates.
Dollar General (DG) closed at $228.39 in the latest trading session, marking a +0.02% move from the prior day.
It's even possible that we could soon see the beginning of a new bull market. Investors could have the equivalent of this happen with the stock market. If the stock market indeed retreats, one of the most likely culprits is that investors fear a recession is coming.