Market Pulse on July 11th

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 2999,91 +6,84.

The S&P 500 closed shy of the 3000 mark which didn’t make the headlines of the media. There was some discrepancies among various indexes with the Dow Jones Industrials leading the pack. Breadth closed square: 1824 stocks advanced compared to 1865 that settled down. Although internal momentum slowed over the last few trading days, the cumulative advance/decline line stands at record level and the closing tick settles everyday positively, indicating that money is flowing constantly in this market. The weekly survey among professional active portfolio managers points out to some kind of complacency although any extreme has been reached yet.