In the past week, bullish sentiment reached its highest level since March, according to a survey from the American Association of Individual Investors. Earlier this year, that gauge tumbled to its lowest in nearly 30 years,when stocks swooned on worries over how the Federal Reserve’s monetary tightening would hit the economy.
“If in fact a soft landing is possible, then you’d want to see the kind of data inputs that we have seen thus far," said Art Hogan, chief market strategist at B. Riley Wealth. "Strong jobs number and declining inflation would both be important inputs into that theory.” Until recently, optimism was hard to come by. Equity positioning last month stood in the 12th percentile of its range since January 2010, a July 29 note by Deutsche Bank analysts said, and some market participants have attributed the big jump in stocks to investors rapidly unwinding their bearish bets.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: Reuters - 🏆 2. / 97 Read more »