(News Bulletin 247) – The New York equity indices ended in scattered order on Monday: the Dow Jones gained 0.6% to 32,432 points and the S&P 500 gained less than 0.2% to around 3,978 points, but the Nasdaq Composite lost nearly 0.5% to 11,769 points.

Fear surrounding the health of the financial system has subsided, with the announcement of the takeover of SVB by First Citizens Bank, but the markets are expected to remain very volatile due to the lack of still clear signals in the evolution of inflation and the economic outlook.

‘If the volatility could persist in the short term insofar as confidence in the banking sector could take a little time before returning completely, opportunities could be created in the months to come’, promised Mona Mahajan.

According to this strategist at Edward Jones, investors could begin to abandon their defensive choices and bet more on an economic recovery and an awakening of cyclicals with the easing of fears on banking stocks.

They nevertheless seemed to hesitate on Monday to take positions that were too clear-cut before the important meetings of the next few days, and in particular the data on inflation which will be published on Friday, on the sidelines of household income and expenditure.

While the PCE index has every reason to slow against a backdrop of declining energy prices, underlying inflation (excluding energy and food) has interrupted its decline for three months, which justifies that the Fed remains on high alert.

On the values ​​front, Carnival dropped 4.7% despite the publication by the cruise line of a net loss and an adjusted EBITDA better than its latest forecast ranges, under its first accounting quarter.

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