Spreadex Market Update

Steady gains reigned in



The week’s steady gains were reigned in somewhat yesterday as US new homes sales disappointed and Greek debt swap negotiations unnerved investors.


No doubt we are going to have a few setbacks in the coming months although the diminishing volatility and the minor impact any negative news on sovereign debt seems to have on equities has led some analysts to suggest we may be in a long term upward trend now.


When markets shrug off bad news it can often be a good sign for a bull market, however it does of course depend on the nature of the negative news and it will be interesting to see how the markets react to news of this type in the coming weeks.

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