Wall Street’s finest are so bullish on stocks that a contrarian sentiment gauge is on the verge of sending a sell signal.
Investors and analysts pay close attention to a range of sentiment measures. Extreme bullish or bearish readings are often viewed as contrarian signals that markets are due for a either a bounce or a pullback. The analysts noted that since last March, the average recommended equity allocation has risen by over three times the typical rate. It’s up 450 basis points, or 4.5 percentage points, over the last 12 months versus the average of 138 basis points following previous bear markets.For now, the indicator remains in “neutral” territory. What does that mean for returns?
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What an obscure send out from marketwatch, who sent this out and do they gain if the market goes down? Tired of financial news bogus info for their own personal gain! Financial news people should be required to state if they profit from their tweet😎