Market Pulse on April 1st

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2867,19 +32,79.

The stock market opened the quarter with a bang, jumping more than one percent with strong breadth: 2900 stocks advanced on the NYSE compared to 969 that settled down, led by financials and some industrials on better then expected ISM figures. Again, we are impressed by the momentum behind this market rally since the beginning of the year that is surprising even the most bullish market participants. There is still a possibility of some interim weakness in April before the market resumes its upmove. Daily sentiment indicators closed at a neutral level.

 

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