Schedule S&P 500 at intervals of 1 week
“Rising optimism” in US stock sentiment has paused, Bank of America reported, noting that weekly customer net sales last week were the fifth-highest since 2008, at $ 5.2 billion, the highest since November.
Jill Carey Hall and other BofA strategists have noted that in the past, when the weekly investment was at this level or more negative, the average / median return for the following week was -1%.
Customers have sold cyclical stocks and bought defensive stocks, passive investors are still more cyclical-oriented, albeit more moderately. Last week, retail clients were buyers only, while institutional investors and hedge fund clients were sellers.
Shares in the United States on Tuesday, April 20, fell markedly again as the so-called fear index jumped over fears that a global surge in COVID-19 cases would lead to renewed lockdowns.
The Dow Jones Industrial Average fell 0.8% to 33,821.30, the S&P 500 fell 0.7% to 4,134.94, and the Nasdaq Composite closed 0.9% lower at 13,786.27.
The VIX Volatility Index, an indicator of the expected volatility of the S&P 500 stocks sometimes called the Fear Index, rose 11% to its highest level in April, while the 10-year US Treasury yield fell 4 basis points to 1.56. %.
The US State Department has warned that the COVID-19 pandemic continues to pose “unprecedented risks” around the world and has urged Americans to stay at home. The updated travel rules advise citizens to avoid visiting “80% of countries.”
India has been added to the red list of countries, of which most travel to the UK has been banned due to concerns over a new strain of the COVID virus, which has led to a sharp increase in confirmed cases, reduced hospital capacity and blockages in many parts of the country.