HGSI Doc – Clear areas of strength are in the market
Greetings and welcome to this week’s market review.
It was another news driven and volatile week in the indices. The week opened with the Greek referendum that was turned down and ended with a Greek proposal that looked much like what was turned down except for an added amount of loans. As Sunday evolves, we will learn how the EU leaders respond as well as looking to the Asian markets to see if the stability holds on the Chinese markets.
From a performance standpoint, last week ended solidly in the green with growth outperforming. The markets however, remain in a tenuous position as we await the news.
Looking forward, there are clear areas of strength in the market with strength in airlines, banks and healthcare. There is also something stirring in construction with chart setups in concrete, non wood products among others.
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