The week 03.08. – 07.08.2020

The market appears to have been split into two over the past week. On the one hand there were those who hoped that the recovery from the crisis will continue and on the other hand those who fear that a depression is imminent. On top of this came short-term speculators, which reinforced the trends. Thus, those assets that favour both groups gained price hikes. In this confusing market psychology, which occurs very rarely, ONE SIGNAL, which analyses data on a meta-level, was not able to hold its ground strongly. The winner of the week is once again gold, followed by oil and S&P500.