Going into last week, investors were keenly focused on a couple of things: FOMC meeting and Big Tech earnings. Benchmark interest rates were lowered on Wednesday, but there was no commitment to do so again in December. And, with 5 … Continued
With two more sessions to go this week, last week’s potentially bearish candle is not yet confirmed on the S&P 500. Concurrently, the bullish view continues to gather momentum as the ratio of Investors Intelligence bulls to bears crossed four … Continued
Investor sentiment is elevated. This is also evident in the CBOE put-to-call ratio and in VIX. Fund flows, however, continue to remain anemic even though the S&P 500 has rallied north of 20 percent from last October’s lows. Unless fund … Continued
It is a seasonally strong period for stocks. Bulls are wasting no time getting ready for this. Stocks are rallying. In the best of circumstances, there is room to run still, with the caveat that an important inflation report is … Continued
After a massive rally in the past three months, the Russell 2000 is tracing out a consolidation pattern. Investor optimism remains very high. For continuation of the uptrend, money-market funds likely hold the key. Barring their cooperation, bulls will have … Continued
Investors Intelligence bulls fell further this week, with bears jumping to an eight-plus-year high. The options market, too, shows fear has set in. Odds of a bear market rally have grown. Investors Intelligence bulls further fell this week, down 4.5 … Continued
Markets have been in dichotomy, with large-caps leading and small-caps lagging. Bulls were hoping the former would pull the latter along. But risks are rising things will evolve the opposite way. It is early, but subtle signs of fatigue are … Continued
For the first time in 29 weeks, the Investors Intelligence bulls-to-bears ratio crossed three. Having come after a nearly 26 percent rally in the S&P 500, this likely is not the beginning of a trend. Investors Intelligence bulls jumped three … Continued
There was a massive drop in money-market assets last week. This is a potential green shoot should this continue, although bulls could not quite cash in on it last week. The mother of all potential green shoots – foreigners – … Continued
Despite the massive rally in stocks since December lows, Investors Intelligence bulls are not giddy, though NAIIM members are not quite sending the same message. Ditto with the percent of S&P 500 stocks above the 50-day. Investors Intelligence bulls continued … Continued