NAAIM Exposure Index – Investor Sentiment The National Association of Active Investment Managers Exposure Index represents the two-week moving average exposure to U.S. equity markets reported by NAAIM members. The NAAIM Exposure Index stands at 112.93%. NAAIM members remain very bullish. Image: National Association of Active Investment Managers (NAAIM)
FMS Investors – Global Emerging Markets FMS investors expect to overweight global emerging markets over the next 12 months. Image: BofA Global Fund Manager Survey
FMS Investors and Yield Curve Expectations 83% of FMS investors expects a steeper yield curve. This is an all-time high. Image: BofA Global Fund Manager Survey
FMS Investors and Inflation Expectations Is inflation coming in the next 12 months, as inflation expectations are at an all time high? Image: BofA Global Fund Manager Survey
Individual Investors Activity in Options – S&P 500 Options and Top 50 Options Does the boom in options trading by individual investors suggest a future market meltdown? Image: Goldman Sachs Global Investment Research
FMS Investors – Early Cycle vs. Recession 70% of BofA FMS investors think the global economy is in an early-cycle phase. Image: BofA Global Fund Manager Survey
Cash – FMS Investors BofA FMS investors are underweight cash, suggesting an early-stage recovery as after the internet bubble and the Great Financial Crisis. Image: BofA Global Fund Manager Survey
FMS Investors and Profit Expectations Profit expectations are at an all time high. Net 78% of FMS investors expect corporate profits to improve. Image: BofA Global Fund Manager Survey
Fear & Greed Index – Investor Sentiment Has the U.S. stock market gone too far? The Fear & Greed Index now stands at 92, as investors have become extremely greedy. Image: Cable News Network
FMS Investors and 10Y-3M Yield Curve FMS investors are expecting a steeper yield curve. At 73%, this is an all-time high. Image: BofA Global Fund Manager Survey