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Par Daniel Van Hove, CFA, Managing Director Bellatrix Asset Management S.A.
EQUITIES
U.S. equities inevitably entered in a seemingly temporary downward correction after a nice upside over the last six weeks (December + First half of January). Actually, this is perceived by some market strategists as a healthy sign as the market needs to bounce its way up in order to lead to longer-term gains. The SP500 index has surged 22% since Mr Ben Bernanke announced on 27 August 2010 that the Fed was prepared to take action to help the economy. More than 80% of U.S. stocks were trading above their 200-day moving average, according to Birinyi Associates Inc. Another technical indicator, called the SP500 relative strength index jumped to 71.8 in...
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