The global market witnessed mixed directions. The top U.S benchmark indexes continue to rally about 1 to 2% weekly gain on the positive weekly jobs report.  The tech index Nasdaq-100 outperformed. However, the midcap index Russel-2000 declined below -1%. The S&P 500 hit its new high for 2021, adding to the positive momentum from the first half of the year with the performance-driven economic reopening, rising corporate earnings and policy support.

The pace of job growth accelerated in June. The economy generated 850K new jobs last month, exceeding most economists’ expectations for around 700K.

The European benchmark Indexes posted a modest weekly loss of about -0.18% to -1% on worries that inflationary pressures might increase interest rates. The core Eurozone government bond yields fell, reflecting growing fears about the spread of the delta variant of the coronavirus in Europe.

Most APAC benchmark indexes closed lower about -0.6 to -3.5% as a weekly loss. The Hong Kong index HIS-50 underperformed. Chinese stocks fell for the week on profit-taking by domestic investment funds.

Weekly market movement

Underlying_2021-07-05- Global Market Witnessed Mixed Directions

Gold closed higher about 0.37%. U.S. crude oil prices rose for the sixth week in a row, eclipsing $75.00 per barrel on the highest level since October 2018. Prices have gained above 50% year to date. Bitcoin is continuing to range trading on mixed news.  (https://coinmarketcap.com/currencies/bitcoin/news/).                                                                                    

Sentiment Analysis

The below figure shows the news and social media sentiment trend for the week. The global sentiment trend dominated by the Neutral- Negative direction. The top U.S benchmark indexes show the neutral outlook in sentiment direction for the week

Except for Dax-30, the primary European indexes turn into a solid bearish view in the sentiment direction from the previous week’s positive outlook. Dax-30 turns remain neutral. The London index FTSE-100 shows a definite negative trend for the week.

The Hong Kong index HSI-50 and India’s Nifty-50 are in the solid bearish mode from the APAC region.  The rest settled with the neutral way in the sentiment direction.

Sentiment Trend Chart

Sentiment Chart_2021-07-05- Global Market Witnessed Mixed Directions

The following critical economic data refer to https://www.fxstreet.com/economic-calendar, including the Domestic Auto Sales, Consumer Credit, and the PMI composite.

Sentiment Values

Sentiment Table_2021-07-05- Global Market Witnessed Mixed Directions

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_2021-07-05- Global Market Witnessed Mixed Directions

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 G


0 Comments

Leave a Reply

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