Market Pulse on January 29th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2853.53  -19.34.

The stock market lost finally some ground in heavy downside volume and negative breadth : only 531 stocks advanced compared to 2461 that settled on the downside. Hedging activity is still running at a low rate on the option market as traders are still eager to play the upside by buying calls options, this is confirmed by the SKEW index that settled around the lows of the last 12 months, there is still no fear in this market. Is the correction finally there and the stock market going to adjust its prices to an environment of higher interest rates, time will tell.



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