Market Pulse on October 29th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3036,89 -2,53.

Over the last two days, the US stock market confirmed its bull market status by breaking slightly the 2019 historical highs accompanied by strong internal momentum, as measured by the cumulative advance/decline line. The rotation of sectors to stocks more sensitive to the economy foreshadows an acceleration of the world economy and should add fuel to the bull market. Our indicators deteriorated slightly and our risk profile index jumped above 60. Ideally, a correction/consolidation would be more than welcome to reset our indicators to more favorable level and prepare the market for a strong year’s end rally.

 

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