Saxo Group Videos

Berger: Why the S&P 500 will bounce despite Greek No

Steady Trader Serge Berge is confident that the fallout from the Greek referendum will be contained and expects to see a bounce in the S&P 500.

Greek voters rejected on Sunday the terms of a new bailout from Greece’s international creditors, which saw the euro plunge and oil prices drop.

Berger says overnight volatility is likely to continue throughout the day, but sees no real threat of massive contagion from the Greek vote as many banks have reduced their exposure to Greek debt.

He is looking to buy the index at 2050 with a target of 2075 and stop at 2014.

01:06 minutes
Tags: 500, contagion, european central bank, eurozone, financials, greece, greece bailout, greece crisis, greece debt crisis, greek bailout, greek crisis, greek no, greek no vote, greek referendum, greexit, index, index trading, indices, july 2015, s&p, s&p 500, saxo, saxo bank, saxo bank equities, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxot tv, saxotrader, saxotv, serge, serge berger, serge berger saxo, serge berger tradingfloor.com, serge traders trale, serge tradingfloor, sergeberger, serger berger, sp 500, stock, stock index, stock market, stock trading, stocks, trade, trade idea, trade ideas, trade view, trader, traders, traders tale, traders tale saxo tv, traders tale serge, traders tale serge berger, trades, trading, trading equities, trading floor, trading floor saxo tv, trading idea, trading platform, trading risks, trading strategy, trading tips, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom

Switch to