#SP500EndsWeeklyWinStreak
Fear is not what's recognized via NDR Daily Composite Sentiment and evidences weekly #SPX decline.
Chart shows Sentiment in EXTREME OPTIMISM zone, which is often contra-trade. This zone offers worst forward SPX returns, which can explain recent weakness
BAML Fund managers: equity overweight highest in 5 yrs, cash allocation 6th lowest since 1998.
$SPY $QQQ $DIA $IWM $NYA $ES_F $QQQ $NDX $VIX
Fear is not what's recognized via NDR Daily Composite Sentiment and evidences weekly #SPX decline.
Chart shows Sentiment in EXTREME OPTIMISM zone, which is often contra-trade. This zone offers worst forward SPX returns, which can explain recent weakness
BAML Fund managers: equity overweight highest in 5 yrs, cash allocation 6th lowest since 1998.
$SPY $QQQ $DIA $IWM $NYA $ES_F $QQQ $NDX $VIX