Market Pulse on June 25th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2717,07 -37,81.

Our model turned down just before the selloff and the natural selling pressure we anticipated from systematic traders materialized and was exacerbated by the escalating trade tensions. The S&P 500 found a support at 2700 and rebounded somehow at the end of the trading day. Our indicators improved somehow but there is still room before they start flashing a buy signal. We expect to observe a more cautious attitude from various market participants over the next few days and some signs of fear in this environment.

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