That reflected near-manic levels of optimism, especially among retail investors, who were dominating the market.Yes, but:
That might sound like a reason to run away from stocks. But oddly, market analysts usually see extreme levels of bearishness in investor sentiment as good news for stocks.That means when it hits extreme levels of either glee or gloom, stocks tend to then go in the opposite direction — as all the negative or positive sentiment is already priced into the market.
— and expectations the Fed could slow rate hikes as a result — are what's given the S&P 500 a lift lately.
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