Bernie Schaeffer’s – Schaeffer’s Investment Research – “Despondent Survey” is at an interesting level: From talking to clients and reading comments on Seeking Alpha, most are still bearish on “expected forward returns” for the SP 500, and to me … Continued
This blog post on the credit markets on May 5th, gave the first reference to the SP 500 being flat over the last 18 months. Let’s flush out the numbers a little further: 1/26/18 high tick: 2,872.87 9/21/18 high tick: 2.940.91 … Continued
Talking with my yoga instructor this week about the market – she does one-on-one yoga sessions with many CME traders and hedge fund types – and while explaining I really wasn’t a trader for my clients, but more of a … Continued
Dr. David Kelly and his team at JP Morgan put together one of the best research and market / economic summaries on the Street (published quarterly) and that is the JP Morgan “Guide to the Market” (GTTM). The above … Continued
The American Association of Individual Investors (AAII) puts out a weekly investor sentiment survey and this week the AAII investors that voted themselves as being bullish on the market, totaled a whopping 32%. Here is the summary data: AAII % … Continued
Readers know my appreciation of Bespoke’s work, the firm started by Paul Hickey and his crew after coming out of Laszlo Birinyi’s shop (and Laszlo published some pretty good research as well) and last Friday’s weekly “Bespoke Report” was no … Continued
5 weeks ago, Jason Zweig of the Wall Street Journal wrote a great article about the loss of trust in the market by retail investors. The title of the article from the March 16th, 2018 edition of the Wall Street … Continued
Suddenly all the prognosticators are bullish. Individual investor sentiment had risen the last few weeks: Bespoke put out their graph today on investor sentiment: Here is the data: Actual dollar EPS SP 500 SP 500 Y/Y gro Total return … Continued
Two items read this week, were a little worrisome: 1.) Liz Ann Sonders, Schwab’s great strategist, posted this to Twitter on Thursday: During most of this secular bull market, sentiment has been a mixed bag with the AAII data … Continued
Bullish Sentiment Lower: What Else is New? The one still amazing metric about this bull market in the SP 500 is that – according to the American Association of Individual Investors (AAII), the percentage bullish within their survey base has … Continued