Market Pulse on February 21th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2701.33 -14.93.

The stock market tried to make a recovery high before falling back at the close under heavy selling pressure, as measured by our buying/selling index. This may signal some renewed volatility and price pressure over the next few days in a large trading range the market may trace over the next few weeks or even months. In this environment, the most negative news is the bullish consensus released this morning that points out to too many bulls among private investors at this stage of the recovery, we would expect more skepticism from this category of investors that hasn’t trown out the towel yet.  


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