During this first glimpse of summer, the primary world stock indices continued the lateral movement that has characterized them since the end of spring, confirming the working hypothesis that they are in an accumulation phase.
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Market Observer
MARKET OBSERVER – N° 136
The first half performance of world’s stock exchanges ended with a moderately negative result, if some notable exceptions such as the Chinese market and the US Nasdaq are excluded, however, this is a result that was difficult to predict at the end of March when the indices were down an average of 30% from beginning of the year.
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MARKET OBSERVER – N° 135
The month of June started in the best possible way, given that the first week ended with the US S&P 500 index closing marginally up for the year, in essence eliminating the annual loss recorded since March 19.
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MARKET OBSERVER – N° 134
In the month of April the stock markets were marked by a generalized technical rebound which allowed almost all the international indices to rebound from the marked oversold bias that transpired in the second half of March following the economic fallout of Covid-19.
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MARKET OBSERVER – N° 133
Compared to the lows in the second half of March, the S&P 500 index of the US stock exchange retraced 50% from the historical high of February.
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MARKET OBSERVER – N° 132
During the past few sessions, the primary world stock market indices have attempted to start an accumulation phase fluctuating within a wide range, limited to the downside by the lows of 2018 for the US indices and those of 2016 for the European indices.
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MARKET OBSERVER – N° 131
At the end of January, the hypothesis that we were in the presence of a Black Swan, a catastrophic and unpredictable event, seemed a little incredible, now it has become a certainty.
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MARKET OBSERVER – N° 130
The global stock exchange index, MSCI, declined 8% in February, concentrating the drop in the last seven sessions of the month, a result worse than that of December 2018.
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MARKET OBSERVER – N° 129
The Gordian knot of the Covid-19 virus seems to have come to a head, in the sense that the estimates for the international situation must forcibly be revised downwards in light of the rapid spread of the infection outside China, where it originated in December.
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MARKET OBSERVER – N° 128
For the international stock markets, the month of January is heading to a close with a moderately positive result, confirming the good underlying trend inherited from 2019.
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