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 77% this week. NAAIM members are less optimistic. Image: National Association of Active Investment Managers (NAAIM)
FMS Investors and Risk Level This chart shows that risk taking by FMS investors remains at high level. Image: BofA Global Fund Manager Survey
BofA’s Fund Manager Survey Investors and S&P 500 FMS investors expect the S&P 500 to peak at 3,400. Image: BofA Global Fund Manager Survey
Domestic China Equities and Bonds Held by Overseas Investors Foreign holdings of Chinese equities rose to a record high this year, despite the U.S.-China trade war. Image: Bloomberg
Average Long/Short Holding Periods of Futures by Non-Commercial Investors Interesting chart showing that the average long/short holding periods of futures by non-commercial investors has increased to 16.6 months. Image: Arbor Research & Trading LLC
Survey – Credit Investors: What Are Your Biggest Concerns? The latest edition of BofAML credit survey shows that U.S. credit investors are concerned about the 2020 U.S. election, the trade war, and China. Image: BofA Merrill Lynch Credit Investor Survey
Investor Sentiment – NAAIM Exposure Index and S&P 500 NAAIM Exposure Index dropped to 56.15% (median exposure at 70%). NAAIM members’ optimism was short-lived. Image: Willie Delwiche, Baird
China A-shares Held by Foreign Investors Despite the opening of the Chinese financial markets, foreign investors hold just 3% of of all China A-shares. Image: The Institute of International Finance
AAII U.S. Investor Sentiment Bull vs. AAII U.S. Investor Sentiment Bear Spread The current spread suggests excessive pessimism. Image: Nautilus Research
Investor Allocation by Region in the U.S. This chart is a good example of investment bias and shows the likelihood of owning stocks in an industry vs. national average. Picture Source: J.P. Morgan Asset Management