U.S. Indexes were in a Mixed Direction With The Mixed Sentiments!
The U.S Indexes were in a mixed direction on the job report last week. The economy generated 266,000 new jobs in April, far below expectations for a gain of nearly 1 million. The unemployment rate rose from 6.0% to 6.1% (https://tradingeconomics.com/united-states/non-farm-payrolls. The Indexes S&P-500 and Dow-30 rose above 1% as a weekly gain. In contrast, the tech Index Nasdaq-100 declined below -1% as a weekly loss.
The yield of the 10-year U.S. Treasury bond briefly fell below 1.50%. The large-cap value stocks outperformed the large-cap growth stocks.
Shares in Europe climbed on stronger-than-expected earnings results and growing confidence in an economic recovery. The top benchmark Indexes show the momentum of nearly 2% as a weekly gain. The Bank of England then revised its forecast for 2021 U.K. economic growth to 7.25% from 5%.
Most APAC benchmark Indexes closed above 1% for the week. The Japan Index Nikkei -225 outperformed on an investor optimism was supported by the prospects of a global economic recovery following better-than-expected U.S. data in recent weeks. However, the Indexes HIS-50 and CSE-50 closed with a modest red mark.
Although new COVID-19 cases in India continued to set daily records, there was progress on the vaccine front, as the World Health Organization granted emergency-use approval for a vaccine developed by a Chinese state-owned drugmaker.
Weekly market movement
Gold climbed over 3% as a weekly gain. The U.S Oil rose about 1%. The Price of Bitcoin closed lower by about 2% as a weekly loss. Andrew Bailey – Bank of England Governor – warned about the potential risks involved with cryptocurrency investing. He argued that digital assets” have no intrinsic value,” and individuals who invest in them should be extra cautious(https://coinmarketcap.com/currencies/bitcoin/news/).
The below figures shows the news and social media sentiment trend for the week. The global news sentiment trend is mixed for the week. The sentiment trend for the U.S benchmark indexes S&P-500 and Russel-2000 are in neutral mode. The Industrial Index Dow-30 is in a positive direction in sentiment trend. On the other hand, the tech index Nasdaq-100 show a negative outlook in sentiment direction for the week.
Except for the bullish sentiment of Germany’s DAX-30 Index, the rest of the critical European benchmark indexes dominated by the neutral view in sentiment trend for the week.
Most primary APAC benchmark indexes mixed with the neutral and negative sentiment trend. The Indexes ASX-200, Nikkei-225 and CSE-50 are showing a strong negative trend in sentiment direction. On the other side, the Indexes HIS-50, Kospi-100 and Nifty-50 are in Neutral mode for the week
Sentiment Trend Chart
The following critical economic data refer to https://www.fxstreet.com/economic-calendar, including the Michigan Sentiment index, Inflation data, and Retail Sales may change the sentiment direction during the week.
Note: The sentiment scores applied as an additional overlay to your existing models to further improve performance.
Buy & Sell Signals
The below table shows the buy/sell signals generated based on InfoTrie’s proprietary Investment/ Trading models. These models developed using technical, fundamental, quantitative techniques and the news-based sentiment score as an additional overlay.
I have tabulated the random signals from several InfoTrie’s Trading/Investment models.
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 below.
InfoTrie Financial Solutions Pte. Ltd.
Alternative Data, Sentiment Analysis, Financial I.T. and A.I. Consulting
Suresh Kumar Ramani +65 9337 6035
Frederic GEORJON +33 (0)6 1304 0600