S&P 500, Dow Jones INDUSTRIAL AVERAGE, CAC 40, DAX 30 - TALKING POINTS:Retail merchants pile into contracts monitoring US, Eu
S&P 500, Dow Jones INDUSTRIAL AVERAGE, CAC 40, DAX 30 – TALKING POINTS:
- Retail merchants pile into contracts monitoring US, European inventory benchmarks
- Contrarian sentiment and positioning research trace fairness selloff to proceed
- S&P 500 technical positioning bolstering the case for deeper losses forward
Retail merchants look like betting that current inventory market losses current a shopping for alternative. IG Consumer Sentiment (IGCS) statistics present sharp positive factors in lengthy publicity on contracts monitoring bellwether US fairness benchmarks – the S&P 500 and the Dow Jones Industrial Average – in addition to France’s analogous CAC 40 and Germany’s DAX 30.
See the full IGCS sentiment report here.
The variety of IG merchants betting on US inventory market positive factors rose by near 70 p.c in contrast with final week, whereas net-long publicity to devices tracing the trail of French and German shares surged 166.2 and 108.6 p.c over the identical interval. IGCS is often a contrarian indicator, so the swell in shopping for suggests fairness markets might proceed to face promoting stress.
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