Yes, in as far as sentiment indicators can. I think the May low will be it for a while, although whether we grind sideways or go significantly higher I will defer to the roadmap. The indicator gave a nice fairly extreme low which is a good dose of fear (but not head-for-the-hills fear). It can always go lower but...strong eco numbers, oil on its way down(?), nobody really wanting to upset the apple cart (no deliberate interest rate shocks). This should be a good environment in to election time...assuming we survive the asteroid, of course.
Best,
Stiv
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