Market Ends Lower! The Sentiment Turns Negative!
Market ends lower for the week. Military tensions along the Russia-Ukraine border, as well as concerns about interest rates, contributed to a more than 1% drop in the benchmark indexes in the United States for the week ended March 31. The Dow 30 industrial index had a negative return. This is the second straight week that the large-cap indices have experienced losses. The communication services sector was adversely affected by a significant drop in the number of Meta Platforms.
As geopolitical tensions over Ukraine remained high and monetary policy remained uncertain, Europe’s markets fell. The bulk of European benchmark indices suffered a weekly loss of more than 1%. The Dax-30 index of the German stock market performed poorly. Increased anticipation for the Bank of England to announce a third consecutive interest rate increase in March have grown dramatically in recent months as a result of growing inflation in the United Kingdom and tightening labour markets
Indexes that serve as benchmarks in the Asia-Pacific region closed the year with a mixed bag of results. The Shanghai Composite Index (CSE-50) and the Australian Stock Exchange (ASX-200) led this week’s advances. Chinese markets rose as a result of positive statements from government officials and lower-than-expected inflation data, which increased investors’ willingness to take risks. The Nikkei 225 and the HSI-50, on the other hand, both witnessed major drops of more than 2 % for the week. Both the Kospi-100 and the Nifty-50 indexes saw slight dips on Monday.
Underlying weekly market movement
Despite the tensions with Russia-Ukraine border, The U.S oil price declined over -1.5% as a weekly loss. Bitcoin (BTC) fell 6% last week as the impasse between Russia and Ukraine continued to frighten investors worldwide. BTC temporarily traded above $44,500 in the middle of the week before financial markets were disrupted by growing geopolitical concerns. BTC is currently trading slightly below the psychological milestone of $40,000, with the total cryptocurrency market cap standing at $1.81 trillion.
Market ends lower. For the week, overall sentiment shifts to the negative. In terms of emotion, the Dow-30 and Russell-2000 indices in the United States have entered a bearish condition. The rest is unaffected.
With the exception of the CAC-40, the leading European bench indexes have entered into negative territory.
The bearish sentiment trend dominates the sentiment trend for the APAC benchmark indexes. The Nikkei-225 and Kospi-100, on the other hand, remain in neutral territory.
The following important economic indicators and earnings reports, which can alter current sentiment, may determine the market this week, including consumer spending and consumer income. (https://www.fxstreet.com/economic-calendar)
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.
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.
InfoTrie Financial Solutions Pte Ltd, Singapore
Sureshkumar Ramani +65 93376035
Frederic GEORJON +33 (0)6 1304 0600