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 recession, the major central banks have decided to strike hard on the monetary policy front in order to put an end to uncontrolled inflation. “The persistence of excessively high inflation should force central banks to continue tightening their monetary policy at a forced march,” warns Alain Guélennoc, chairman of the board of directors 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 tightening by the ECB, the downgrading of growth forecasts by the World Bank and the OECD, and the new peak in US inflation caused strong sell-offs on the equity and bond markets, with a marked 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 difficulty, for central banks, will be to find the right balance between the fight against inflation and the risk of seeing a tightening of financial conditions that exceeds needs”, warns the expert.

In this troubled 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 “now makes 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 gave 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 identified. 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 price trend forecasts (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.

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Author’s declaration of interests

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