U.S. Equity Sentiment Indicator – Equity Positioning While market sentiment is currently low, driven by a combination of factors such as inflation concerns, tariff-related uncertainties, and declining consumer confidence, there is potential for a rebound. Image: Goldman Sachs Global Investment Research
S&P 500 and Combination of Forward PE, VIX, Bullish Sentiment The Euphoriameter indicator, combining P/E ratio, sentiment, and equity risk pricing, peaked in November 2024 and has declined since, reflecting a shift from “euphoria” to caution in investor sentiment. Image: Topdown Charts
NAAIM Exposure Index – Investor Sentiment With a reading of 64.64, the NAAIM Exposure Index reflects a more conservative outlook among active investment managers, signaling a decrease in market optimism. 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. Image: National Association of…
Investor Sentiment – U.S. Market Greed/Fear Index With a value of 48.91, the Market Greed/Fear Index indicates neutral sentiment, highlighting a balance between investor fear and greed. Image: Real Investment Advice
Sentiment Indicator and Stock Positioning While the GS sentiment indicator continues to show a slightly negative bias, this cautious shift in market sentiment may herald more stable trends and decreased volatility in the near future. Image: Goldman Sachs Global Investment Research
Combined AAII & II Sentiment For contrarian investors, the current bearish sentiment indicated from the American Association of Individual Investors (AAII) and Investors Intelligence (II) surveys could signal a potential bullish opportunity. Image: Topdown Charts
Fear & Greed Index – Investor Sentiment The Fear & Greed Index at 21 signals extreme fear in the market, potentially opening doors for contrarian investors. Image: Cable News Network
Net Bullish Sentiment vs. S&P 500 Index With sentiment nearing extreme bearish levels—often linked to market bottoms—this could be laying the groundwork for a reflexive rally rather than signaling the start of a downturn. Image: Real Investment Advice
Sentiment – Risk Appetite and Expected U.S. Equity Market Performance Investor risk appetite in the U.S. equity market has continued to decline in March, driven by a worsening economic outlook, fiscal and political uncertainties, and concerns about Federal Reserve policies. Image: S&P Global Market Intelligence
Different Market Sentiment Indicators Trump’s economic policies are altering investor sentiment, driving market volatility, prompting a shift to defensive strategies in U.S. equities, and creating an environment fraught with uncertainty. Image: Goldman Sachs Global Investment Research
AAII U.S. Investor Sentiment Bull – Bear Spread The latest AAII U.S. investor sentiment bull-bear spread indicates an extremely pessimistic outlook among individual investors, which historically has often been a contrarian bullish signal for U.S. stocks over the following 12 months. Image: The Daily Shot