Quick look at a few #sentiment charts:
Investor Intelligence newsletter sentiment metric continues to recover with bulls 60.8% (+6.4%), bears 16.7% (-.8%) and the correction camp at 22.5% (-5.6%)
chart via @WillieDelwiche
Retail investor #sentiment much more optimistic with those expecting the stock market to continue to rally at the highest levels since January 3rd 2018:
chart via @WillieDelwiche
The 4 week MA of bearish AAII respondents is close to a record low as well:
chart via @hmeisler
NAAIM Exposure Index has recovered with 90% avg and 80% median.
The net of extremes has also bounced back from the recent #contrarian pessimism I pointed out several weeks ago and is now back to more normal historical levels:
And for good measure, here's a bond #sentiment chart showing Consensus Bulls at historic extremes:
chart via @topdowncharts
Spread between University of Michigan’s Consumer Sentiment & Conference Board’s Consumer Confidence at -24.8%, lower than 86% of monthly readings since 1970.
Attitudes of consumer's immediate personal circumstances vs general view of the overall economy.
marketwatch.com/story/why-cons…
NDR Crowd Sentiment Poll: 72.8%
NDR Daily Trading Sentiment Composite: +72.2%
Goldman Sachs Risk Appetite Indicator reached the heights last seen in early 2018 and has since retraced ever so slightly - remaining at historic thin-air elevations:
Not your typical sentiment gauge and yet... h/t @NoonSixCap
Sophos AUM $1.16B to $258M
Kynikos AUM $932M to $405M
institutionalinvestor.com/article/b1rb09…
Daily Sentiment Index for...
$SPX 88% (20d MA 76.3%)
$NDX 89% (20d MA 72.6%)
SX5E 85% (20d MA 83.8%)
NIKK 85% (20d MA 74.2%)
$VIX 13% (20d MA 13.9%)
(as of yesterday)
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