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Keeping the current position stable could consolidate the gains achieved in recent months, or further progress could be achieved following the decline in inflation and the first signs of a modest economic recovery. This is a snapshot of the January market survey conducted by Assiom Forex in collaboration with Il Sole 24 Ore Radiocor for its partners.
Trust prevails
Compared to last month, the overall share of those who believe that the index will be stable or rise in the coming months is rising: 87% compared to 82% a month ago, which confirms that there are currently no big clouds in the market outlook, despite the record growth of monetary tightening.
Specifically, 44% of Assiom Forex members who participated in the survey are targeting a new rise in the index, of which 5% hope for a double-digit increase. A month ago, the growth percentage was 46% (with 3% being super optimistic).
More traders see stable market
On the other hand, the contribution of those who consider the market stable, a definition that takes into account a maximum change of 3% in both directions, increased: in January it was 43%, while in December it was 36%. On the contrary, the sample that believes there is a risk of falling is decreasing: this share fell to 13% from 18% a month ago.
«Despite the reappearance of some The health of the bank Massimo Mocio, president of Assiom Forex, explained that the US regional markets and some indices reached record prices – the implicit assurance of the Fed’s ability to intervene immediately seems to comfort traders who continue to support the bullish view for now. In January, the consensus was divided between those who believed that the indices were destined to remain in a trading range that confirms their current levels and those who believed that the upward momentum is still intact.
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