Market Pulse on January 31st

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2823.81 +1.38.

The stock market closed the month of January almost unchanged after a strong advance in prices during the month but weak, in our opinion, in terms of internal momentum, as measured by breadth. The risk profile of the market stayed at the upper limit of its range pointing to too much complacency among the various market participants. Some correction/consolidation is more than needed to bring back our indicators, at least, to the neutral level and bring back some support under prices that may be vulnerable to any unanticipated bad news.


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