Market Pulse on June 26th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2913,78 -3,60.

The stock market knee-jerked during the trading day, it opened on a strong note before succumbing to some selling pressure ahead of the G20 meeting this week-end. The outcome, widely anticipated, calls for a renewed round of negociations between China and the USA with a new deadline set for the end of the year, leaving plenty of time to the negociators to bargain. Our model is neutral in the meantime and is not providing enough clues to forecast the future direction of the stock market short term. Our scenario still foreshadow a continuation of the consolidation/correction we are in with an objective at 2870-90.

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