CAC 40, LVMH, Apple, L’Oréal, ether, bitcoin…: on the Momentum program this week

CAC 40, Wall Street… The stock market suffered this week. It must be said that in defiance of the risks of a decline, the major central banks have decided to strike hard on the front of monetary policy in order to put an end to uncontrolled inflation. “The persistence of too high inflation should force central banks to continue to reduce their monetary policy at a forced march,” warns Alain Guélennoc, chairman of the executive board of Federal Finance Gestion. The Fed announced a 0.75 percentage point increase in its key rate and is now targeting a median level of 3.4% at the end of the year, compared to 1.9% last March!

Announcements of future monetary cuts by the ECB, the downgrading of growth spending by the World Bank and the OECD, and the new peak in US inflation caused strong sell-offs in equity and bond markets, with a rise in ten-year interest rates, both in the United States and in Europe. “Investors realize that the reduction in liquidity will have more and more consequences on the real economy and the challenge for central banks will be to find the right balance between the fight against inflation and the risk of seeing a hardening of financial conditions that exceed needs,” warns the expert.

In this unfavorable context, Federal Finance Gestion continues to display its caution for the coming months and says “diversify the risks between asset classes as much as possible”. The general increase in bond rates on both sides of the Atlantic “is now making this market appear as an alternative to riskier markets (such as equities, editor’s note), even if the fall in share prices gives hope for performance more attractive in the long term”, notes the establishment.

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Momentum, Capital’s stock market and cryptocurrency newsletter, shares this cautious approach. And we believe that the time remains for great selectivity on equities. Momentum, Capital’s stock market and cryptocurrency newsletter, was able to stay the course this week, once again outperforming the CAC 40 with its selection of stocks (TFF, Sanofi, Orange, etc.).

We delivered our expectations on the CAC 40, the S&P 500 (Wall Street’s flagship equity index), Schneider Electric, LVMH, L’Oréal, Apple, Vinci, TFF, Pernod Ricard, Sanofi… with upward or downward expectations. the decline.

On the cryptocurrency front, we provided our opinion on the future course of bitcoin and ether, while Laurent Albie, manager of Next Momentum, gave his anticipation on the leo.

Among the reasons for satisfaction, the trajectory of the CAC 40 was correctly anticipated and the key supports and resistances (technical analysis) perfectly defined. As of June 9, we were expecting a downward acceleration on the CAC 40. And we identified as of Monday evening, June 13, a new sell signal, which suggested a probable continuation of the downward movement this week. A negative scenario that has materialized. Our subscribers were thus able to protect themselves in time against the stock market meltdown. And our caution on bitcoin and ether has paid off.

Discover numerous analyzes (technical, financial and economic) in Momentum, Capital’s premium newsletter on the stock market and cryptocurrencies. Our medium or short-term expectations, the main news to remember… Every day, at 12:30 p.m., in your e-mail box for only 6.90 euros per month. And right now, with the promo code CAPITAL30J, take advantage of a free trial month. To subscribe, just click on the link below.

>> Buy and sell your investments (stock market, cryptocurrency, gold, etc.) at the right time thanks to Momentum, Capital’s newsletter on technical analysis. And right now, with the promo code CAPITAL30J, take advantage of a free trial month.

Author’s declaration of interests

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