Market Pulse on August 28th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2897,52 +0,78.

The stock market closed almost unchanged after a quiet trading day, digesting the latest upmove. Breadth settled slightly negative. Over the last 11 trading days, 7 times, more than 2000 stocks advanced, illustrating the strong momentum and a large participation of companies quoted fueling the recent upmove. We observed a slight deterioration of our daily sentiment indicators, meaning that options traders are more and more eager to play the upside of the market, rather than hedging their positions.

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