Market Pulse on May 18th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2953,91 +90,21.

Strong comments by the Fed chairman, a potential vaccin in the cards and systematic models turning up during the session led to a sharp  rebound of the sectors battered recently and a massive sector’s rotation. Breadth and volume were strong: 3441 stocks advanced compared to 489 that settled down. Options traders were active, buying heavily calls which led the put/call ratio on equities into the red zone. The S&P 500 is on the way to test the 3000 resistance level.

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