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Market overview 2024-04-17

18.04.2024

Aggressive selling in the Technology sector during the U.S. Wednesday's trading session, led the major stock indices to decline within 1.15 percentage points. The strong G7 overbought market allows participants to lock in profits, while strong macroeconomic indicators provide hope for good corporate reports. Coupled with the declining risk/return ratio between the equity and debt markets, these factors are causing market participants to shift resources from the Technology and Communications sectors to other more undervalued segments such as Healthcare, Financials and Consumer was, as well as to fixed income market instruments, or simply to cash, reducing the overall risk of their portfolios ahead of the traditional May selling and summer lull.