Wall Street

Marketmind: No capitulation yet

Published by
Reuters UK

A look at the day ahead in markets from Julien Ponthus. Capitulation in financial jargon refers to a moment when investors lose all hope in a market rebound and simply try to save whatever is left by dumping their holdings. Clearly, Friday’s volte-face on Wall Street during the last hours of trading showed that this dreaded moment hasn’t materialised yet after the S&P 500 pulled itself out of bear market territory. One ray of light for investors during the latest market turmoil has been volatility which has stayed well below the levels reached during previous selloffs. Still, even if the S&P 5…

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