Market Pulse on September 16th

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 2997,96 -9,43.

The stock market absorbed very well the oil shock induced by the attack during the week-end against petroleum facilities in Saudi Arabia. Breadth even settled positive: 2039 stocks advanced compared to 1796 that closed down. That confirms the strong internal momentum of this market we pointed out regularly in our daily comments since the beginning of the year. Ideally, the market still has to work out the overbought conditions set up during the latest rally.

 

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