Market Pulse on January 29th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3273,4 -2,84.

The stock market opened on a strong note before falling back towards the close. The second leg down may well have started with stock index futures this morning pointing to a weak opening this afternoon. The fear of a rapid spreading of the coronavirus is back on the front scene as investors start to evaluate its impact on the economy. This atmosphere may help our model whose components were somehow streched lately. We expect our various sentiment measures to gradually reflect a fear attitude among market participants.The release this morning of the weekly sentiment survey among private investors points out to a global neutral attitude at this stage.

 

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