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Thursday, June 27, 2024 9:26:24 AM
Dumb Money Confidence has become less enthusiastic
By: SentimenTrader | June 27, 2024
• Bull markets can continue as long as investors remain bullish. At some point, that optimism climaxes, but up until then, rising optimism is a feature of sustained bull markets.
That's why it's a bit disturbing that as the major indexes have climbed, Dumb Money Confidence has become less enthusiastic. That's what we saw preceding the peak in 2021, though that divergence went on for many more months before it mattered.
The divergence is even more stark in the Fear & Greed model.
Read Full Story »»»
DiscoverGold
By: SentimenTrader | June 27, 2024
• Bull markets can continue as long as investors remain bullish. At some point, that optimism climaxes, but up until then, rising optimism is a feature of sustained bull markets.
That's why it's a bit disturbing that as the major indexes have climbed, Dumb Money Confidence has become less enthusiastic. That's what we saw preceding the peak in 2021, though that divergence went on for many more months before it mattered.
The divergence is even more stark in the Fear & Greed model.
Read Full Story »»»
DiscoverGold
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