Market Pulse on February 22th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2703.96 +2.63.

The stock market tried to rally at the opening before falling back and closing almost unchanged, breadth settled almost even. We observed some renewed hedging activity in the option market and the volatility index VIX is coming back below the 20 level, business as usual is back and the stock market is again looking after each indivual companies and its own newsflow. Our global risk model improved slightly thanks to the weekly sentiment survey among professional portfolio manangers that points out to some skepticism from this category of investors which is not the case from individual investors, as mentionned yesterday. If the stock market is going to trade in a wide trading range over the next few weeks, it is going to frustrate both bulls and bears along the way, that’s the life on the financial market…

 

 

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