Market Observer

MARKET OBSERVER N. 159

During the past week the primary Western central banks, the FED, the ECB and the SNB, put their cards on the table, openly declaring that they intend to raise their respective key rates well beyond what the international securities markets were already discounting, as evidenced by the decline in equity indices and the increase in bond yields since the beginning of the year.

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MARKET OBSERVER – N° 153

The working hypothesis presented at the end of the summer, relating to the probability of a modest stock market correction of 5% from the recent highs of the indices, occurred promptly. In fact, for several weeks, the primary indices had consolidated close to the highs of the period without finding new upward stimuli, confirming a technical distribution situation.

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MARKET OBSERVER – N° 152

After the brief consolidation phase registered by the world stock indices in September, stocks have regained buyer interest, as evidenced by the S&P 500 index hitting yet another all-time high close to 4700 points, a level that this summer seemed achievable only at the beginning of 2022.

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