Wednesday, 31 May 2017

Markets fall but remains “fairly resilient”

Markets mostly fell on Tuesday.

The S&P 500 fell 0.1 percent and the STOXX Europe 600 fell 0.2 percent. Asian markets were mixed.

Mark Kepner, managing director of sales and trading at Themis Trading, said that the market is “fairly resilient” but that stocks were due for a “little pullback”.

BlackRock chief equity strategist Kate Moore said that it is “very possible this market is range bound for the summer” but “I have a hard time, from valuation or sentiment perspectives, seeing reasons for a big swoon”.

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