Spreadex Market Update
Euro equities have open weaker
But the tide could be turning. Indeed, the thing about bull runs is that the end is often just as hard to predict as the beginning, though the psychology is similarly contrarian admittedly. We are currently seeing the market’s momentum flagging, which doesn’t have to be a bad sign so long as investors remain net-buyers of risk against some compelling driver or combination thereof, be that cheap money or valuations.
If this dip in prices has been brought about by participants fearful of a fall only, then prices will likely stabilise. If, however, this most recent price action is a reflection of those most astute, then the market might well have reason to be fearful.
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