Fear & Greed Index – Investor Sentiment At 41 on the Fear & Greed Index, sentiment sits near neutral territory, showing neither panic nor euphoria and still leaving room for U.S. stocks to climb higher on any new positive news. Image: Cable News Network
NAAIM Exposure Index – Investor Sentiment The NAAIM Exposure Index stands at 95.64, signaling that active managers are strongly bullish on U.S. equities. High bullishness doesn’t automatically mean an imminent decline, but it increases the risk of a sharp move if sentiment shifts. The National Association of Active Investment Managers Exposure Index represents the two-week moving average…
Investor Sentiment – U.S. Market Greed/Fear Index Despite last week’s turbulence, the Greed and Fear Index sits at 80.41, as investors continue to add equity exposure ahead of the earnings season. Image: Real Investment Advice
Net Credit Balance (Investor Cash Minus Margin Debt) Investor cash minus margin debt has fallen to negative $992 billion, the lowest on record and deeper than any prior cycle. It points to rising risk and a more fragile market, not a guaranteed crash. Image: Real Investment Advice
Investors Intelligence Bull-Bear Spread and S&P 500 Bulls are slipping out the side door. Over the past decade, every sustained S&P 500 gain came when the II bull‑bear spread topped 20%. That kind of conviction is missing now. Image: Hi Mount Research
Cash Allocation by Non-Bank Investors Globally Non‑bank global investors are rotating out of stocks and bonds and into cash as the Middle East conflict‑related energy shock raises inflation fears and the risk of higher interest rates. Image: J.P. Morgan
Foreign Investors Equity Allocation Percentile vs. History In 2025, foreign investors substantially increased their holdings of U.S. equities, reaching record levels despite stretched valuations, a weakening dollar and better returns abroad. Image: Goldman Sachs Global Investment Research
Foreign Investor Ownership Share of U.S. Equity Market With foreign investors holding a record 18% of U.S. stocks, they are chasing the American dream, piling into U.S. equities on hopes that President Trump keeps the bull run alive. Image: Goldman Sachs Global Investment Research
AAII Investor Sentiment Bull Minus Bear Spread The AAII bull-bear spread points to a balanced mood among U.S. retail investors who expect stock prices to decline in the near term—a condition that could set the stage for a sharper move in either direction. Image: Deutsche Bank Asset Allocation
S&P 500 Ratio to Its 200-DMA and AAII Investor Sentiment Bull Minus Bear Spread Historically, very low investor sentiment has not only signaled caution but also suggested further upside in U.S. equities, offering opportunities for contrarian investors. Image: Deutsche Bank Asset Allocation
Aggregate Financial Asset Allocation Among Households, Mutual Funds, Pension Funds, and Foreign Investors Investor allocation to equities has reached an all-time high, driven by retail enthusiasm and strong performance. However, rising valuations and concentrated leadership call for careful risk management. Image: Goldman Sachs Global Investment Research