S&P500 AT 2,000 POINTS!!!

Believe or not, despite all concerns and fears the S&P500 hit this morning at future market the 2,000 key level. Do you still have any doubt there is a bullish market out there?

Friday, despite the uprising news of Ukranian convoy never ending story the European markets are plunged seriously in the morning. US benchmark ignored all the Russian - Ukranian news. Basically was quite a slow day and mostly closed flat the indices in Wall Street. After Thursday record close of S&P500 the Friday numbers were the followings:

• S&P 500 -0,20%
• DJIA -0,22%, closed above 17,000
• Nasdaq +0,14% still keeping the hot streak rally

The three benchmark indices achieved their third weekly gain in a row. The S&P 500 and Nasdaq both advanced by 1.7% for the week, while the Dow rose by 2%.

In the afternoon the Yellen and Draghi speeches first pushed lower all the US indices, but an hour later they recovered and closed around break even, which is not bad if you take consider the turmoils around the globe.

What is the scenario for this week? We are expecting more gain in indexes specially Europeans in DAX and CAC40.

The BFM Assets Team.