Market Pulse on December 18th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3191,14 -1,38.

Again a quiet trading day in Wall Street ahead of the last expiration of derivatives of the year. Although breadth closed on a strong note: 2328 stocks advanced compared to 1484 that settled down, the bullish consensus among private investors hit the highest reading of the year with a bull to bear ratio of 2,2. This reading is disturbing and paint a picture of complacency among this category of investors. Ideally, a swift setback would be welcome to reset our indicators to a more favorable level and set up the prerequisite conditions for a strong 1st quarter.

 

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