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 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).
Sentiment – Risk Appetite and Expected U.S. Equity Market Performance Risk appetite among U.S. equity fund managers has surged to its highest level this year, buoyed by easing Middle East tensions and continued resilience in corporate earnings and the broader economy. Image: S&P Global Market Intelligence
Investor Sentiment – U.S. Market Greed/Fear Index Strong large-cap earnings pushed the Greed and Fear Index up to 83.21, as investors continued to pile into risk with few signs of concern. Image: Real Investment Advice
Earnings Sentiment (Analyst Upgrades Minus Downgrades Across Markets) Analysts are turning more cautious on U.S. earnings as growth concerns deepen, raising the risk of near-term pressure on stock valuations. Image: Goldman Sachs Global Investment Research
Sentiment – NAHB Housing Market Index U.S. homebuilder sentiment continues to fall. Image: BofA Global Research
Sentiment – U. Michigan Increase in Stock Market Prices in 1-Year U.S. consumers are very bulish for stock prices in 1-year. Image: The Daily Shot
Fund Managers Sentiment and Global Stock Market Returns (MSCI ACWI) Are fund managers too bearish? Two-thirds of global fund managers say this is a bear market rally. Image: Hondo Tomasz
Sentiment Indicator – Current vs. Market Peak Currently, this sentiment indicator is relatively bullish compared to the last ten years. Image: Goldman Sachs Global Investment Research
U.S. Home Builder Sentiment – NAHB/Wells Fargo Housing Market Index Lower mortgage rates help the housing market and boost home builder sentiment. Image: Leonard Kiefer
NAAIM Exposure Index – Investor Sentiment The NAAIM Exposure Index at 79.70 shows that active managers are still risk-on, with robust U.S. equity exposure and a bullish outlook. 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: NAAIM