Stocks are bullish. DOW hits 30 000!

The Dow hits 30 000! Most global benchmarks hit a record high this week on diminishing political uncertainty and the optimism on new vaccine developments. The U.S Dow Jones Industrial Average is gaining the most attention by crossing the 30 000 thresholds for the first time. The S&P 500 and Russell 2000 both posted fresh record highs as well.

The Shares in European market rose for a fourth consecutive week on new vaccine developments. The major European benchmarks climbed between a range of 0.25% to 3%. Italy’s FTSEMIB Index outperformed within the European region.

The most APAC Indexes climbed again of about 1% to 4.5 % for the week. Nikkei 225 and the Korean Index Kospi-100 rallied more than 3% as a weekly gain. The sources said,   Japanese investors sold the most massive volume of global stocks and bought the most significant amount of Japanese government bonds since 2013.

Weekly market movement

Underlying_2020-11-30

Gold plumbed lowered the $1700 mark this week. However, the expected volatility in the equity markets can boost the gold sentiment in a positive direction. Crude oil extended its rally about 8% for the week.

Sentiment Analysis

The below figures shows the news and social media sentiments for the most benchmarks turns neutral-positive direction. The U.S S&P-500 Index is showing the modest uptrend for the week. On the other hand, the Dow-30 Index turns in to negative view in sentiment direction. The benchmarks Nasdaq 100 and Russel 2000, remain neutral.

The European benchmark Indexes turns neutral-positive sentiment trend for the week. London’s FTSE-100 and French Index CAC 40 are in uptrend mode in sentiment direction. Dax-30 and FTSE MIB benchmarks remain neutral. However, We may expect the sharp decline of the Eurozone business activity on the extended coronavirus restrictions in Germany, London and a few other European countries.

The sentiment for the most major APAC Indexes turns into a positive direction. Nikkei-225 and SSE-50 Indexes are showing the strong uptrend in sentiment. Kospi and Hangseng Indexes are in modest uptrend sentiment for the week. On contrasts,  The Australian benchmark Index ASX-200 turns negative. The Indian Nifty-50 Index remain neutral.

Sentiment Trend Chart

Sentiment Chart_2020-11-30 - Dow hits 30 000!

The following critical economic data refer to https://www.fxstreet.com/economic-calendar released includes pending home sales, manufacturing PMI, and the unemployment rate.

Sentiment value

Sentiment Table_2020-11-30 - Dow hits 30 000!

Note: The sentiment scores applied as an additional overlay to your existing models to improve the performance further.

Buy & Sell Signals

The below table is showing the buy/sell signals generated based on InfoTrie’s proprietary Investment/ Trading models. These models are developed with the combination of technical, fundamental, quantitative techniques and primarily the news-based sentiment score as an additional overlay.

I have tabulated the random signals from several InfoTrie’s Trading/Investment models.

Buy_Sell_2020-11-30 - Dow hits 30 000!

The news sentiment score provides a significant improvement, significant “Alpha” compared to the traditional investment/trading models.

 For more details on the analysis, accessing complete tear sheets or white paper for the models, subscription details for News Sentiment data and other consulting works, please contact us with the information provided below.

InfoTrie Alternative Data

InfoTrie Financial Solutions Pte. Ltd.
Alternative Data, Sentiment Analysis, Financial IT and AI Consulting

Read our previous blog posts . Want to access our data? Try our API or access our FinSentS platform

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Suresh Kumar Ramani +65 9337 6035
Frederic GEORJON +33 (0)6 1304 0600


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