Investor sentiment has gone from extremely bearish to extremely bullish. Based on investor sentiment, there’s significant downside risk. The stock market usually follows the money, and when money flows into stocks, stock prices will follow, which is what we’ve seen the last six weeks. The monthly bar chart, going back 20 years, provides some long-term context and explains why the rally has paused around S&P 2,280.
What are the chances this stock-market rally ends badly? – MarketWatch
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