Citigroup stock market sentiment model reaches euphoria levels, which typically foretells a decline

Investor optimism has gotten out of hand, according to Citigroup. In fact, a stock market sentiment model from the firm called the Levkovich Index has now reached euphoria levels, which typically heralds a fall in equities, the firm's U.S. equity strategist Scott Chronert wrote in a Thursday note. The Levkovich Index, named after the bank's late U.S.

The Federal Reserve turing more hawkish than investors currently anticipate, for example, could prove an impetus for a decline. "The consensus is for three rate cuts this year," Chronert said. "But if you do go down a path where you get a fewer number of Fed rate cuts, or even a lack of a pivot, I'd say that probably brings our euphoric concern back into play." .

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

BTC/S&P 500 Correlation: What Stock Market Can Tell Us About Bitcoin PriceComparing S&P 500 and BTC can give important insights on Bitcoin price prediction
Sumber: Utoday_en - 🏆 295. / 63 Baca lebih lajut »

Stock market today: Asian shares are mixed and Shanghai gains on strong China factory dataAsian shares are mixed, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China.
Sumber: ksatnews - 🏆 442. / 53 Baca lebih lajut »