AAII Investor Sentiment Bull Minus Bear Spread The AAII investor sentiment bull-minus-bear spread signals a bullish outlook, reflecting optimism and confidence among individual investors. Image: J.P. Morgan
Investor Sentiment – U.S. Market Greed/Fear Index At 83.84, the Market Greed/Fear Index signals extreme greed in the U.S. stock market, raising concerns about overconfidence. Image: Real Investment Advice
Fear & Greed Index – Investor Sentiment At 78, the Fear & Greed Index points to a bullish but potentially overheated market, propelled by investor optimism. This calls for caution, as it could foreshadow profit-taking in the near term. Image: Cable News Network
NAAIM Exposure Index – Investor Sentiment The current 99.30 reading reflects active managers’ strong bullish stance and significant exposure to the U.S. stock market, signaling robust confidence but also caution for potential market volatility ahead. The National Association of Active Investment Managers Exposure Index represents the two-week moving average exposure to U.S. equity markets reported by NAAIM…
Earnings Sentiment (Analyst Upgrades Minus Downgrades Across Markets) Earnings sentiment for the S&P 500 has improved, with several key indicators pointing to robust corporate performance and potential for continued market growth. Image: Goldman Sachs Global Investment Research
Consumer Sentiment Index and Subsequent 12-Month S&P 500 Returns Throughout history, steep declines in consumer sentiment have often been followed by strong stock market rallies over the next year, making these sentiment lows a potentially reliable indicator of upcoming gains. Image: J.P. Morgan Asset Management
Different Market Sentiment Indicators The prevailing market sentiment is marked by an equilibrium between optimism and caution, with no decisive dominance of bullish or bearish perspectives at present. Image: Goldman Sachs Global Investment Research
Sentiment Indicator – Investor Equity Positions Hedge funds are currently more bullish on the market compared to other investor categories, which remain cautious and have not significantly increased their market participation. Image: Goldman Sachs Global Investment Research
Sentiment Indicator and Stock Positioning Goldman Sachs’ U.S. Equity Sentiment Indicator currently stands at -0.1. Historically, readings at this level have tended to be followed by gains in the S&P 500 over the following month. Image: Goldman Sachs Global Investment Research
S&P 500 and Combination of Forward PE, VIX, Bullish Sentiment The Euphoriameter, which combines forward P/E, VIX, and bullish sentiment, remains elevated and suggests caution based on cycles analysis. Image: Topdown Charts
U.S. Equity Sentiment Indicator – Equity Positioning A reading of -1.3 on the Goldman Sachs U.S. Equity Sentiment Indicator signals cautious investor positioning, which has historically preceded gains in the S&P 500 over the following month. Image: Goldman Sachs Global Investment Research