Market Pulse on June 3rd

Olivier Rigot, EMC Gestion de Fortune

1 minutes de lecture

S&P 500 2744,45 -7,61.

Bad news continue to hit the market, this time this is an internal affair to the US with the announcement of a probe by the FTC and the justice department over the practices of the FAANG companies. Although major indexes retreated, it is interesting to note that internal momentum was strong: 2315 stocks advanced compared to 1281 that settled down and the closing tick index finished at 820, a very strong reading. Although we haven’t monitored yet clear signs of capitulation, money flow has not deserted the market and continues to pour in.