Market Sentiment Indicators

Market Sentiment Indicators Chart showing that market sentiment indicators are improving significantly. Image: Goldman Sachs Global Investment Research

US Equity Market Sentiment and Relative ETF Flows Since 2018

US Equity Market Sentiment and Relative ETF Flows Since 2018 This chart shows the correlation between US equity market sentiment and relative ETF flows recently. Inflow to US equity type ETF has picked up recently​. Image: Nomura

“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).

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)

U.S. Consumer Sentiment

U.S. Consumer Sentiment The University of Michigan Consumer Sentiment Index is more sensitive to financial markets, whereas the Conference Board Index reflects labor market conditions. Image: J.P. Morgan

Home Builder Sentiment Leads Consumer Spending

Home Builder Sentiment Leads Consumer Spending Interesting chart suggesting that the NAHB housing market index leads the change in consumer spending. The latest reading for July suggests that the outlook for the U.S. economy is expected to slow. Image: Dr Thomas Kevin Swift

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

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…