Learn More, 2023 American Association of Individual Investors. Perhaps not surprisingly, the S&P 500 tech sector S5INFT is exhibiting similarly tight daily BB width as the Nasdaq Composite. likely to feed the piggy bank in times of economic uncertainty. On the chart below, the red lines show when bull-bear net dips below -15% and the green lines show when bull-bear net subsequently exceeds +15%, levels that show modest excess. endstream endobj startxref The S&P 500 added 2%, while the Dow rose 1.6%. The U.S. economy grew 1.1% in the first quarter, while economists polled by Dow Jones forecasted an expansion of 2%. We have AAII survey data going back to mid-1987. The past several weeks have seen the AAII sentiment survey come in a relatively tight range between the high of 24.8% on March 9th and a low of 19.2% the following week. Although bearish sentiment was recently reverting closer to its historical average, it is now approaching an "unusually high" level again. Bespoke Investment Group provides some of the most original content and intuitive thinking on the Street. Please disable your ad-blocker and refresh. EDT/1605 GMT) Investor sentiment is often expressed as bearish or bullish. Additionally, investors can be described as being either fearful or greedy, depending on market sentiment. EDT/1400 GMT) AAII reported that bearish sentiment, or expectations that stock prices will fall over the next six months, rose 3.4 percentage points to 38.5%. The stock gained as much as 12% after the results. Bears outpaced the bulls by 10%, despite the SPX being very close to its all-time high. That resulted in rising bearish sentiment which rose 3.4 percentage points to 38.5%. inflation won't moderate quickly," Klachkin adds. The bottom panel shows the spread between the two, bullish minus bearish, and the neutral responses are not included here. stay essentially unchanged over the next six months, edged down I have no business relationship with any company whose stock is mentioned in this article. individual investors. Transaction Status, Reset Its stock plunged and its credit default swaps a form of insurance for a company's bondholders against its default soared. Short-term investors and financial/technical analysts often rely on investor sentiment because it helps them value investments in the short term. The views (Terence Gabriel is a Reuters market analyst. However, Caterpillar, another barometer of the global economy, fell around 0.9% as investors feared a build-up in inventory suggests demand is slowing.

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