Market Pulse on July 10th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2993,07 +13,44.

The stock market listened to a nice music played by Mr Powell and is now debating the magnitude of an imminent rate cut. Breadth wasn’t really impressive at the close: 1834 stocks advanced compared to 1107 that settled down. Options traders were active on the buy side and put/call ratios deteriorated somehow. The weekly investor’s survey points out to a kind of complacency among individual investors : the percentage of this category of market participants adopting a bearish attitude dropped to 28%.

 

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