Gonet: market news on August 20

Dow +0,02%, S&P 500 -0,59%, Nasdaq -1,46%, Russell -0,78%, SOX -1,81%, Eurostoxx +0,89%%, SMI +1,16%. Consequently,

Once is not customary, let’s talk a little about Europe before approaching his young big sister. Moreover, There is things happening on the old stock market continent yesterday. Nevertheless, cyclical values are sought while defense actions are abandoned, the speakers clearly fear peace, I will never get used to writing this. Nevertheless, Leonardo takes 10% in the gums, Thales loses 4%, the sector is falling by 2.1%. Consequently, dragging on the tail of the peloton, we will not complain too much that, it still has 53% increase in this year. In addition, On the cyclical side, we observe a nice rebound of titles like LVMH, Renault, Bayer or Puma. For example, And what about Switzerland? In addition, With an SMI gonet: market news august 20 index which clearly outperforms the rest of the continent. Nevertheless, carried by all its members without exception with special mention to Richemont, whose technical configuration improves, Kuehne Nagel, Sika and this good old Nestlé (do not throw it in nettles please). Meanwhile, By passing the SMI clearly breaks its mobile average to 200 days. Consequently, opens a royal technical route to 12,518 points (Gap to be filled) against a fence last night at 12’212 pts.

In short, it balances a lot in Europe yesterday, just like Wall Street but not for the same reasons. Therefore, South of Manhattan it swings the mastodontes of tech and rather merciless. Moreover, Nvidia gets her feet in the carpet and finds herself 4.5%lower. In addition, Palanter receives a rake in the face and falling 10%, the rest of the tech giants is hardly better, such as Oracle which slides by 5.8%. Consequently, But if gonet: market news august 20 we scratch a chouia the surface of this market. Similarly, we quickly see that it remains selective, see certain values of the software sector such as Salesforce (CRM +0.83%), Adobe (Adbe +1.06%) or Palo Alto (Panw +3.11%). For example, We remember the ephemeral air hole of the past week. the traders fearing that artificial intelligence detects and replaces existing models, software in this case. The panic crisis has passed. we put the brains on the markets in the markets and we seize opportunities, it is a good sign.

So certainly. we can feel the beginning of the shadow of the suspicion of a zest of prudence on the trading parquets. There are always a thousand reason for this. today it is the approach of September, the SPX fell four times in the last five years during this month, we can also cite the valuation of the flagship index of Wall gonet: market news august 20 Street, which exceeds 22 (P/E to 12 months), it is a top for 20 years, the average is at 15.9 times. If we look at the options market. we see that traders have never bought so much protection against a sharp drop for three years. Finally. the one and only reason to move for the actions indices, the Fed, seems less accommodating today than last week, at least in the opinion of the Fed Funds, who predict only 2 cuts in 2025 against 3 previously. However. the Jackson Hole’s symposium will start, Jerome Powell will be expressed on Friday, so we have every reason in the world in the markets to lighten somewhat the best performances in recent years.

And during this time. Morgan Stanley tells us that Nvidia is now the technological action with large capitalization the least owned by active investors. Is that so?

By leaning on the gonet: market news august 20 bedside of the SPX. we see that his podium of the day consists of real estate, basic consumer goods and utility. The donkey cap goes to tech, the SPX abandons 0.59% on the session. it accelerates downwards at the end of the day, while its alter ego equaled the SPW increased by 0.45%. This implies that the army remains clearly on the hill while the generals return momentarily to the plain. The Breadth of the day confirms this with a positive 2-1 on the SPX. the opposite on the NDX, we will note in passing the increase of 3.2% of Home Depot after its quarterly. Additionally, the Atlanta firm will be followed this weekend by Walmart and in particular Target, these companies allow a better idea as to the state of consumer form, the central element of the growth of a country.

Volatility goes back yesterday, the VIX takes 3.8% gonet: market news august 20 to 15.57 (equivalent to a pshitt) while the VXN (Volatility of the NDX) gains 9% at 19.39. We calm down immediately in the financial cottages. on April 9, the VXN dealt with 52, time to hide in the cellar fund by invoking Warren Buffet has not yet arrived. Besides. the bond market remains of marble yesterday, the MOVE (during the vix bond) does not move an iota and the yield of US 10 years is maintained at 4.32%. We observe a vague attempt to rebe the dollar, which dates back to 1.1643 against Euro and tests its 50 days (@1,1644), probably a Dead Cat Bounth but to follow all the same.

Scott Bessent declares that the United States is satisfied with the current tariff agreement with China. thus pointing out of the American president to maintain stable relations. “The status quo works pretty well,” he said to Fox News.

gonet: market news august 20

European officials are planning to send British and French troops to Ukraine as part of a peace agreement. Switzerland indicates that it would grant immunity to Vladimir Putin as part of its proposal to welcome peace talks. Putin “agreed to start the next phase of the peace process”. which would consist of a meeting with Volodymyr Zelenskiy, says Karoline Leavitt, press secretary of the White House. For his part. the Grand Blond called Viktor Orban to discuss the blocking by the Hungarian leader in the membership negotiations of Ukraine to the EU.

On the macroeconomic menu this Wednesday. the production price index in Germany (released below expectations), the consumer price index in the United Kingdom (released above forecasts) and in the euro zone (11am CE), then in the United States, Brut Doe stocks and the consumer confidence index.

ALCON has an increase in its net profit. its turnover in gonet: market news august 20 the first half but launched a warning on profits. Geberit records a slight decline in his half -yearly profit. Nvidia is working on a new AI china china that surpasses the H20, according to the Reuters agency. Meta Platforms divided its AI teams into four to strengthen their creativity. Black Hills and Northwestern energy energy will merge in an agreement of $ 3.6 billion. Xiaomi hopes to market its first electric vehicle in Europe by 2027 for Tesla competition, Byd and traditional manufacturers.

This morning and this morning in Asia this morning, the clues treat in dispersed order. Tokyo loses 1.51%in the bell, Hong Kong grabbed 0.2%, Shanghai rises by 1.04%, Seoul fell by 0.68%and the NIFTY50 gains 0.26%. The future SPX leads to 9 points and Europe opens up 0.6%. Gold fell to $ 33,24 per ounce, oil is maintained at 62.8 dollars per barrel of WTI Light Crude.

gonet: market news august 20