Market Pulse on March 14th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500  2’749,48 points, -0,57%.

The stock market resisted fairly well to some selling pressure that occured during the day. There are still discrepancies between the various indexes with the Nasdaq Composite index being the strongest and the Dow Industrials the weakest. Hedging activity in the option market was fairly neutral, breadth closed slightly down : 1192 stocks finished up and 1700 settled down. The weakest spot comes again from the weekly sentiment survey among private investors : there are still too few bears and too many bulls. In our opinion the speculative excesses we pointed at the beginning of the year still have to be wiped out. The market may continue to frustrate both bulls and bears, that’s the game…

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