Market Pulse on January 30th

S&P 500 3283,66 +10,26.

The stock market shrugged off a very weak opening and rallied after the World Health Organization declared the coronavirus outbreak in China a global public health emergency, some interpretations by the market are sometimes strange, this is the least to say… In summary, the market continues to work out its overbought conditions set up by a strong December and early January. In our opinion, there is still room to go to bring back the risk at attractive levels. The weekly survey among active professional portfolio managers points out to a more cautious attitude from this category of market participant.