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.
Friday 29th May 2026 (S&P 500 7580.06 + 16,43)
Over the last 3 days, the stock market advanced steadily to close one more time at an all time high. As mentioned in our previous comments, internal momentum has been concentrated on some high-flying stocks whereas the bulk of the market is struggling. Over the las few days we observed a deterioration of our sentiment indicators: either put/call ratios (equities put/call ratios entered into the red zone) and the weekly surveys among private and institutional investors. The index measuring the exposure of active professional portfolios managers reached 98 on a scale of 0 to 100, another warning indivcator. Fear seems to have disappeared as the Vix index is back to 15.
Very short-term oscillator: positive
Short-term oscillator: positive
RVI trend: positive
Trend short-term (5 days): up
Trend mid-term (8 days): up
Differential of trend: up
Risk profile index: ^75 (scale of 1 (low risk) to 100 (high risk))
Have a nice day!
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