EMC Gestion de Fortune SA a développé, au fil des années, un modèle d’appréhension du risque sur le marché américain des actions baptisé : « Market pulse ». L’approche combine la finance comportementale, l’analyse des forces internes régissant l’offre et la demande, l’étude des cycles et des mouvements de prix. Ce modèle permet d’évaluer en permanence le risque global du marché sur une échelle de 0 à 100.
Monday 28th September 2026 (S&P 500 7683.69 -59.72)
Yields on US-T bond reached 5,26 %, a level not reached during the last 20 years, The Dow Jones Utilities index, a proxy for the future direction of interest rates lost 16 % during the month of September, a bad omen. The S&P 500 retreated somehow although the fall of major US stock indexes is contained. Nevertheless, breadth closed very weak: 1023 stocks advanced on the NYSE, 3601 declined. The cumulative advance/decline line on the Nasdaq reached a new low for the year as; many times mentioned in our daily comments, internal momentum is very weak in this market. For the time being, options traders are rather complacent according to put/call ratios. The closing Tick index settled at -446, indicating that money flowed out of the stock market at the bell.
Very short-term oscillator: negative
Short-term oscillator: positive
RVI trend: positive
Trend short-term (5 days): down
Trend mid-term (8 days): up
Differential of trend: up
Risk profile index: 54 (scale of 1 (low risk) to 100 (high risk))
Have a nice day!
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