Today’s chart of the day was shared in a note from Bespoke titled: “Bullish Sentiment Very Low For a Market at New Highs”. The chart shows the S&P 500 in red, with AAII bullish sentiment in blue. We like the chart because it illustrates how pessimistic investors are despite the fact that the S&P 500 is […]
Short-term Bearish, Long-term Bullish
Earlier this week, Katie Stockton appeared on CNBC’s Squawk Box to share her thoughts on the current landscape of the market and what she sees over the short, and intermediate term. Katie shares that her short-term indicators are “supportive of the pullback” and that she does not see a current bottom of 2800. Katie is […]
Why All The Pessimism?
“Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria…” -Sir John Templeton We are staring at a rally that a majority of market participants truly hate. There is a lot of noise out there these days, including the back-and-forth from both sides of the political aisle and, of […]
The Problem with the Smart Money Flow Index
There’s been a lot of chatter about the Smart Money Flow Index in the past couple days. The Smart Money Flow Index or Smart Money Index (SMI), as it’s often called, is a sentiment indicator that attempts to measure the activity of the ‘smart money’ (professionals) vs. ‘dumb money’ (amateurs) in the U.S. Stock Market. It has been […]
Willie Delwiche on Equal-Weighted Indices and Sentiment
One of my favorite commentary pieces to read are those from Willie Delwiche, a strategist with Baird. I have always felt that he puts out some of the most straight-forward depictions of what is going on in multiple asset classes, and his latest report did not disappoint. In particular, Willie chose to focus on the […]