Most U.S benchmark Indexes closed higher for the third week in a row on surprising CPI data in May and the support of Monetary policy. S&P-500 Breaking its Record. The Tech index Nasdaq-100 showed a momentum of nearly 2%. The midcap index Russel-2000 outperformed. However, The industrial index Dow-30 retreated about -0.8%.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 % in May on a seasonally adjusted basis after rising 0.8 % in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.0 % before seasonal adjustment; this was the most significant 12-month increase since a 5.4-% rise for the period ending August 2008. source: U.S. Bureau of Labor Statistics.

US_CPI_2021-06-14-S&P-500 Breaking its Record

A sharp decrease in longer-term bond yields appeared to support the U.S growth stocks. Oracle, Adobe Systems, and Kroger are three U.S stocks we’ll be releasing its fiscal 2021 second-quarter earnings on Thursday.

With the shares in Europe, the bulls continue to lead the markets forward for the fourth week in a row on lifted in part by the European Central Bank’s (ECB) pledged to continue its high bond purchases into the coming quarter. As a result, the European benchmark indexes closed higher up to 1.3%. The French index CAC-40 outperformed. However, the German index Dax-30 ended as flat.

Most benchmark indexes from the APAC region ended as flat and ranging between -0.2% to 0.3%. However, The Indian index Nifty-50 outperformed and closed higher about 0.8% as a weekly gain.

Weekly market movement

Underlying_2021-06-14-S&P-500 Breaking its Record

Gold declined about -0.6% as a weekly loss. U.S. crude oil prices rose more than 1%, climbing for the third week in a row and pushing prices above $70 per barrel for the first time since 2019. Bitcoin is ranging around 35K USD with an unclear direction. (https://coinmarketcap.com/currencies/bitcoin/news/).                                                                       

Sentiment Analysis

The below figures shows the news and social media sentiment trend for the week. S&P-500 Breaking its Record. Global Sentiment dominated by the neutral outlook for the week. The sentiment trend for the U.S midcap index Russel-2000 turns in negative mode. The rest remains neutral.

The overall Sentiment for the European region turns into the neutral mode.

The sentiment trend for the APAC indexes SSE-50 and Kospi-100 turns into a Negative zone and The Hongkong index HIS-50 showing a strongly bullish view. The rest remains neutral.

Sentiment Trend Chart

Sentiment Chart_2021-06-14-S&P-500 Breaking its Record

The following critical economic data refer to https://www.fxstreet.com/economic-calendar, including producer price data, retail sales, and the leading economic indicator index.

Sentiment Values

Sentiment Table_2021-06-14-S&P-500 Breaking its Record

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.

Buy_Sell_2021-06-14-S&P-500 Breaking its Record

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

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

contact@infotrie.com
Suresh Kumar Ramani +65 9337 6035
Frederic GEORJON +33 (0)6 1304 0600


0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *