NAAIM Exposure Index – Investor Sentiment​

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 drops to 72%. NAAIM members are slightly less bullish than last week. Image: National Association of Active Investment Managers (NAAIM)

Weekly AAII Investor Sentiment Survey

Weekly AAII Investor Sentiment Survey Bulls push above bears, but when doubt and fear are still present, it does not usually look like a major market top. Image: Reuters

GS Sentiment Indicator

GS Sentiment Indicator Are investors be too bullish? Currently, the GS Sentiment Indicator is above average at 1.2 standard deviations. Image: Goldman Sachs Global Investment Research

Investor Movement Index vs. S&P 500

Investor Movement Index vs. S&P 500 The Investor Movement Index indicates the sentiment of TD Ameritrade retail investors. Thus, retail investors are net buyers of equities when the stock market is expensive, and they are net sellers of equities when the stock market is cheap. As usual, retail investors react to equity price movements. They buy and sell…

“U.S. Stock Market, No Froth In Sight” Says Stock Market Sentiment Index

“U.S. Stock Market, No Froth In Sight” Says Stock Market Sentiment Index Keep in mind that it is just another investor sentiment tool. But it does not show at all if the US stock market is overvalued or undervalued. See our stock market valuation model (99% correlation and R² = 0.97 since 1970).

U.S. Cyclicals vs. Defensives

U.S. Cyclicals vs. Defensives Cyclicals vs. defensives have been a good indicator for monitoring investor sentiment. Image: Goldman Sachs Global Investment Research

Can History Help Us Predict the Future of the S&P 500?

Can History Help Us Predict the Future of the S&P 500? When the S&P 500 hits all-time high and AAII Investor Sentiment Survey bulls is below 35%, then 88% of the time the S&P 500 is positive one year later (1986-2019). Image: SentimenTrader

Gold and U.S. 10-Year Treasury Yield

Gold and U.S. 10-Year Treasury Yield Risk sentiment in the market has improved and investors shift away from gold, while U.S. equities have reached new all-time highs. Image: U.S. Global Investors