Assessing the stock market after one of the fastest declines and subsequent comebacks in history

The market has made a head-spinning round-trip, but in other ways has gone nowhere: The S&P 500 has been sideways in a range for about a month near levels first reached in early 2018.

Anyone buttressing a positive case by claiming "Everyone's bearish" and those calling for deep downside on the notion that "Everyone is too bullish" are equally unreliable at the moment.Johannes Eisele | AFP via Getty ImagesFor investors, trying to gauge sentiment among other investors and traders is a constant undertaking, a way to sort out what bets are popular, which themes are played out and where lies the index direction that would cause the greatest surprise.

The market has made a head-spinning round-trip, but in other ways has gone nowhere: The S&P has been sideways in a range for about a month near levels first reached in early 2018. About half of all large stocks are down more than 30% from their high, and yet in aggregate the S&P carries its highest valuation based on forecast one-year earnings since 2002.

The weekly American Association of Individual Investors poll last week showed bearish respondents numbered more than 50%, twice those saying they were bullish on stocks over the next six months. Bears have exceeded 50% for three of the last four weeks, quite unusual, especially when the S&P is pretty distant from its lows both in price and time.

It came back, when?

Translation....large traders put all their money in big tech which is safer than bonds. Now that those are at peak valuation they're sitting on their hands.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live updates: Rally off the lows, Dow gains 300, bank stocks lead comeback“There is so much doom and gloom, and this thing is not going to last forever.” Here’s what 4 experts have to say about the coronavirus pandemic and the state of the stock market today. “Doom and gloom”? You may think that’s because of 30+ million unemployed? Or small businesses going away forever? We have the most death, most unemployment, and worst economy in the world ,yet Wall Street scam is green after being down big earlier. When does the manipulation stop? Inflating the bubble market is not helping us. Every other market in world was red. Fed reserve investigated plz The FED will help stonks and the rich. The peasants don’t matter...
Source: CNBC - 🏆 12. / 72 Read more »

Stocks end choppy session slightly higher but suffer biggest weekly fall since MarchStocks ended a choppy trading session with small gains Friday, but suffered their biggest weekly loss since March as investors assessed prospects for an economic recovery and rising U.S.-China trade tensions.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks rebound after another uptick in job losses — what Cramer, a former Google CEO and others see aheadStocks ended trading higher as the market digested another worse-than-expected jobs report, but CNBC's Jim Cramer and other key market minds say there's still a tough road ahead. TradingNation How about some talk on the bond market liquidity issues. Why is our government buying junk bonds. What is Boeing’s bond ratings? If you’re a big Corp you have no risk. The government just bails you out. This isn’t capitalism. It’s BS, because everyone else gets Hosed
Source: CNBC - 🏆 12. / 72 Read more »