U.S Stocks Gain! The Sentiment Turns into Positive!

U.S stocks gain for the second positive week in a row.

U.S stocks gain for the second positive week in a row. A weekly rise of between 1 % 2.38 % was recorded by the benchmark indexes. The Nasdaq-100 technology index outpaced the market. Employment growth, profit announcements, and the increasingly likely prospect of increased interest rates in the near future all had an impact on the markets.

In January, the 467K new jobs produced by the US economy exceeded economists’ expectations by a wide margin. Due to the uptick in employment data, the benchmark 10-year US Treasury note yield increased to 1.93 %. The performance of corporate earnings continues to improve, with profits for S&P 500 companies expected to climb by more than 29 % in the fourth quarter of this year.

The European equities were brought to a close with a mixed direction movement on a weekly basis. The FTSE-100 and the FTSE MIB indexes ended the week with small gains on a weekly basis. The CAC-40 and Dax-30 indices, on the other hand, saw their value fall. The German benchmark Dax-30 underperformed, falling by more than one %. When European Central Bank (ECB) President Christine Lagarde made comments that appeared to leave the door open for a rate hike this year, the market responded unfavourably, according to Bloomberg.

The majority of APAC benchmark indices gained more than 2 % on a weekly basis. The HSI-50 index in Hong Kong outperformed the market. It was reported by Japanese broadcaster TBS that the government could publish a policy on whether to remove the ban on the entry of non-resident foreigners into Japan as early as next week, which prompted several stocks that would profit from an economic openness to rise in response.

Underlying weekly market movement

Underlying-Weekly-2-07-2022-U.S Stocks Gains

Oil prices have risen for the seventh time in a row. Oil surged another 6% for the week on supply concerns and geopolitical tensions in Eastern Europe and the Middle East.

Sentiment Analysis

U.S stocks gains. The overall mood shifts to a more positive tone. For the week, the leading U.S. benchmark indices turned in a bullish direction in terms of mood. The Russel-2000 midcap index, on the other hand, is moving sideways.

The sentiment trend for the key European benchmark markets has gone solidly positive. The French index CAC-40, on the other hand, is neutral.

The sentiment trend for the APAC benchmark indexes was mixed, with both positive and neutral directions. The CSE-50, HSI-50, and Nifty-50 indexes were all in an uptrend for the week. The indexes, ASX-200, Nikkei-225, and Kospi-100, on the other hand, have taken a neutral stance.

Sentiment Trend Chart-2-07-2022-U.S Stocks Gains

The following important economic indicators and earnings reports, which have the ability to alter current sentiment, may determine the market this week which is consumer credit and inflation. (https://www.fxstreet.com/economic-calendar)

Sentiment Values

Sentiment Values-2-07-2022-U.S Stocks Gains

Note: The news sentiment data is the most useful additional overlay for your existing models to improve the performance further.

Buy & Sell Signals

The buy/sell signals generated by InfoTrie’s proprietary Investment/Trading models are shown in the table below. These models were built utilising technical, foundational, and quantitative methodologies, with the news-based sentiment score serving as a secondary overlay.

I tallied the random signals from different Trading/Investment models at InfoTrie.

Buy Sell-2-07-2022-U.S Stocks Gains

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, don’t hesitate to contact us with the information provided below.        

contact@infotrie.com

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InfoTrie Financial Solutions Pte Ltd, Singapore

Sureshkumar Ramani +65 93376035

Frederic GEORJON +33 (0)6 1304 0600


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