---
title: "Monthly Market Risk Update: February 2023 [SlideShare]"
description: The markets have had a positive start to the year, but there are risks worth watching, said Commonwealth CIO Brad McMillan in his Market Risk Update.
---

[The Independent Market Observer | Outlook. Opinion. Insight.](https://blog.commonwealth.com/independent-market-observer)

# [Monthly Market Risk Update: February 2023 \[SlideShare\]](https://blog.commonwealth.com/independent-market-observer/monthly-market-risk-update-february-2023-slideshare)

 Written by [Brad McMillan, CFA®, CFP®](https://blog.commonwealth.com/independent-market-observer/author/brad-mcmillan-cfa-caia-mai) | Feb 15, 2023, 5:31:07 PM

My colleague [Sam Millette,](https://blog.commonwealth.com/independent-market-observer/author/sam-millette) manager, fixed income on Commonwealth’s Investment Management and Research team, helped me put together this month’s Market Risk Update. Thanks for the assist, Sam! Let’s take a closer look.

Equity markets rallied in January, supported by falling long-term interest rates. The S&P 500 gained 6.28 percent during the month, while the Dow Jones Industrial Average (DJIA) experienced a 2.93 percent rise. The Nasdaq Composite led the way with a 10.72 percent gain in January.

Given that many of the indicators remain in red or yellow territory, we have left the overall market risk level at red for now.

View a breakdown of the risks we’re watching in this SlideShare.

**[Monthly Market Risk Update: February 2023 \[SlideShare\]](https://www.slideshare.net/CommonwealthFinancialNetwork/monthly-market-risk-update-february-2023-slideshare)**  from **[Commonwealth](https://www.slideshare.net/CommonwealthFinancialNetwork)**

 

[View full post](https://blog.commonwealth.com/independent-market-observer/monthly-market-risk-update-february-2023-slideshare)

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