February OpEx Week Sees Bearish Trend for S&P 500

Jeffrey Hirsch, CEO of Hirsch Holdings and publisher of the Almanac Trader, posted on X that February's monthly options expiration (OpEx) week has recently shown a bearish trend, with the S&P 500 experiencing declines for six consecutive weeks. Much of the weekly downturn has been observed on the monthly OpEx Friday. This marks a stark reversal from the period between 2006 and 2019, when the S&P 500 was up in 12 out of 14 weeks during the same timeframe.