Singapore Stock Market News

Rebound at tail end?

StockFanatic
Publish date: Mon, 16 Sep 2013, 11:15 AM
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S&P500 performance in Sep and Oct since 2000 (%)
Sep and Oct are the most seasonally volatile months for the US equity markets. So far, Sep has been positive for the S&P500, which is up 2.7%. However, Sep is not over yet. The S&P500 recently covered the mid-Aug "gap" of 1,680-1,684pts and we think that the rebound from the end-Aug low should end soon.

Asia's equity rebound is taking a little longer than we expected to complete. The MSCI Asia ex-Japan Index's (MAxJ) upleg was strong in the past three weeks but we view this as only part of a larger three-wave rebound from the end-Jun low.
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