Market Pulse on March 21st

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2854,88 +30,65.

The stock market is still defying expectations with again a strong momentum led by the tech sector. In periods of reflation, the strength of the financial markets is surprising even the most bullish market participant. We observed some activity on the buy side in the option market with a willingness to play the upside relatively agressively by some traders according to some market data we are following. The weekly sentiment survey among professional portfolio managers is pointing out to a high level of bullishness which is a little bit worrisome. There is still this divergence between the Dow Jones Industrial index and the rest of the market.

 

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