Weighted Average Price Target for S&P 500 Companies Goldman Sachs price targets imply a +19.3% return over the next 12 months, which suggests a bullish sentiment and very optimistic outlook. Image: Goldman Sachs Global Investment Research
Valuation – MSCI U.S. 12-Month Forward P/E Relative to MSCI World Ex. U.S. There is a prevailing sentiment suggesting that U.S. equity valuations are not currently appealing. Image: J.P. Morgan
AAII Survey – Average S&P 500 Returns After % of Bullish Investors Dropped Below 20% The AAII Bullish Sentiment is below 20%, which is contrarian bullish. Image: Truist
S&P 500 Index vs. Conference Board Consumer Confidence Index The S&P 500 Index and consumer sentiment have diverged since July 2021. Should investors expect market weakness? Image: Morgan Stanley Wealth Management
Bitcoin and Risk Appetite Indicator Bitcoin and market sentiment tend to move in tandem. Image: Goldman Sachs Global Investment Research
S&P 500 and % of Members with MACD Sell Signals Is that bearish? 56% of S&P 500 stocks are sending sell signals. Image: SentimenTrader
Cross-Asset Volatility and Percentile of 3-Month Implied Volatility Cross-asset volatility is declining from very high levels, as sentiment has improved and new coronavirus cases have declined. Image: Goldman Sachs Global Investment Research
S&P 500 – Weekly Equity Fund Flow Unusual weekly equity fund outflows increase the likelihood of a positive return over the next 1 to 12 months. Image: Sentimentrader
S&P 500 and Number of Days in the Past 7 Weeks More Than +/- 3% The S&P 500 has moved more than +/- 3% during 22 days in the past 7 weeks. In October 1932 and November 2008, the S&P 500 gained +40% and +27% over the next year. Image: Sentimentrader
S&P 500 and NYSE Down Volume Ratio Four of the past nine days have seen NYSE down volume ratio above 88%. Historically, the S&P 500 rallied every time over the next year, with a median return of 24.3% since 1962. Image: Sentimentrader
University of Michigan Stock Market Increase Probability Next Year and S&P 500 Drawdowns This chart suggests to remain vigilant on the U.S. stock market, when bullish sentiment is so high. Image: Bloomberg