After falling in sync amid the February-March market sell-off, the three indicators have since diverged as the stock market rallied nearly 40% from the March 23 lows.The Bank of America Bull/Bear indicator has been stuck in bearish territory for weeks, flashing a 0.0 out of 10 as of last week.
This signifies that investors are undecided on stocks right now, which doesn't generate a contrarian trade signal.Lastly, the Citi Panic/Euphoria Model is now generating a reading of"euphoria," after rallying from a reading of"panic" in April. When taken together, the three divergent readings in the sentiment indicators signal that investors have no conviction in where the stock market goes from here.
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Yeah, it is a time of profound uncertainty. Any thoughts on the crypto derivatives market?
There is no economic movement except the desire to prop up the market to feed a false narrative or to buy cheap deals. We have a leaderless nation in a world from which we retreated into a bunker in which we scurried.
The stock market is just a chart of wealthy people's feelings.
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