Daily Charts - Sentiment for US equities won't be wrong

Callum_Thomas
11-11

1.Sentiment -- surely the crowd won't be wrong

Sentiment for US equities reaches a phenomenal level of +53 percentage points, marking a new all-time high (data history since 2001)! The optimism is focussed very strongly on the US markets.

sentix Sentiment US equities and S&P 500sentix Sentiment US equities and S&P 500

Surely stocks will still head higher even though valuations are double that what we saw in 2016, and sentiment metrics are at record highs vs outright bearish in early 2016 🤔

2.The rise of Intangibles...

The stockmarket used to be backed by hard, real, tangible assets.

But then the information age happened.

Does make you wonder if some day this trend will change, perhaps in the coming commercial space age boom?

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3.The perfect indicator:

-works for good reason

-works as it should

-works over time

Worked example:

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4.The ISM manufacturing PMI has been quite weak in recent months... here's why that has been a good thing:

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