S&P 500 2802,6 -16,22.
The stock market continued its correction process, led by the tech sector although breadth wasn’t that much negative: 1565 stocks advanced compared to 1832 that settled down. Our trading model started to turn negative which may bring some added selling pressure from systematic traders using that kind of trading approach. We observed some hedging activity in the option market and we expect, in summary, our global risk profile index to improve to more attractive levels over the the next trading days.