FEAR AND GREED INDEX: 25/100, EXTREME FEAR
đš Reading: CNN's Fear and Greed Index for the US stock market sits at 25 out of 100, in extreme fear territory, updated on the morning of Nov 6.
đ Move: The index has bounced from 19 at the previous close, but it is still deep in extreme fear after Thursday's selloff.
đ Comparison: It was 26 a week ago, 47 in neutral territory a month ago, and 24 in extreme fear a year ago.
đ„ Gold: While markets panic, gold broke above $4,040 an ounce on Nov 5, up 2.79%, as money runs into safe havens.
đŹ Fear still grips the market even though this morning's jobs and consumer sentiment data both beat forecasts. When everyone is afraid, markets are usually closer to a bottom than a top.
$SPY $QQQ $XAU
đš Reading: CNN's Fear and Greed Index for the US stock market sits at 25 out of 100, in extreme fear territory, updated on the morning of Nov 6.
đ Move: The index has bounced from 19 at the previous close, but it is still deep in extreme fear after Thursday's selloff.
đ Comparison: It was 26 a week ago, 47 in neutral territory a month ago, and 24 in extreme fear a year ago.
đ„ Gold: While markets panic, gold broke above $4,040 an ounce on Nov 5, up 2.79%, as money runs into safe havens.
đŹ Fear still grips the market even though this morning's jobs and consumer sentiment data both beat forecasts. When everyone is afraid, markets are usually closer to a bottom than a top.
$SPY $QQQ $XAU
