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)
Market Sentiment Indicators Chart showing that market sentiment indicators are improving significantly. Image: Goldman Sachs Global Investment Research
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
University of Michigan Consumer Sentiment Index Leads U.S. Unemployment Rate This chart suggests that the University of Michigan Consumer Sentiment Index leads the U.S. unemployment rate by 9 months. An R² of 0.80 is quite high and significant. Image: Deutsche Bank
Sentiment on Durable Goods Purchases Lead the Unemployment Rate This chart suggests that sentiment on durable goods purchases lead the unemployment rate by 12 months, and that the U.S. economy seems to be moving into the late phase of its business cycle. Image: Deutsche Bank Global Research
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 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
University of Michigan Consumer Sentiment Index – Current Conditions Index This index has been negative year-over-year for 8 consecutive months. This is rare outside of recession. Image: Pictet Asset Management
Gold Sentiment at Annual High The gold price ‘risk radar’ index is flashing red (-2.1 standard deviations). Image: Sentix, Bloomberg Finance L.P.
European Equity Market Sentiment Index The chart shows that the European equity market sentiment has deteriorated. Image: Nomura
