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.
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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