• 1,050 days Will The ECB Continue To Hike Rates?
  • 1,050 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,052 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,452 days Could Crypto Overtake Traditional Investment?
  • 1,457 days Americans Still Quitting Jobs At Record Pace
  • 1,459 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,462 days Is The Dollar Too Strong?
  • 1,462 days Big Tech Disappoints Investors on Earnings Calls
  • 1,463 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,465 days China Is Quietly Trying To Distance Itself From Russia
  • 1,465 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,469 days Crypto Investors Won Big In 2021
  • 1,469 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,470 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,472 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,473 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,476 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,477 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,477 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,479 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

Investor Sentiment

Figure 1 is a weekly chart of the S&P500, which shows the composite sentiment indicator in the middle panel. The indicator is constructed from the "Dumb Money" and "Smart Money" indicators, Rydex asset data, and InsiderScore total market value of insider buying and selling. These are the set of indicators that I highlight in our weekly round up on sentiment. 11 unique data points are utilized in this indicator.

Figure 1. Composite Sentiment Indicator
Composite Sentiment Indicator

The indicator is currently neutral. With regards to the specific components, the "dumb money" indicator is extremely bullish (i.e., bear signal) and so is the "smart money" indicator. As discussed last week, this is an odd set up circumstances with little explanation. Insiders are neutral with a bias towards selling, and there also is a lack of buying. The Rydex data suggests that we are late in the rally phase.

 

Back to homepage

Leave a comment

Leave a comment