), which have more than $9 billion in assets combined and both saw inflows this week. The funds can miss out on upside when markets rally, but provide investors with additional income from selling calls when markets go sideways or down.—Jesse PoundThe market is currently experiencing the effects of "too much good news at once," according to Baird analyst Ross Mayfield.
Meanwhile, bearish sentiment jumped to 38.6% from 28.8% last week, meaning pessimism remains above its historical average of 31.0% for the 61st week out of the past 66, AAII said. The numbers also mean bears have outnumbered bulls in in 62 of the past 66 weeks. But, fear not. Sentiment surveys are contrarian indicators, meaning rising bearishness equates to less risk in the market while advancing bullishness indicates more risk.
FJB
I wouldn’t call 1% a sharp drop
Hard to believe people still actually give their hard earned $ to the WS computerized organized crime ring, only to watch it vanish in milliseconds into an algorithmic abyss, degenerate gamblers, better odds at the other casinos.
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