ACTV - Improving Individual Investor Sentiment May Be A Near-Term Risk For Equities

2024-02-06 11:55:00 ET

Summary

• The S&P 500 Index has been on an uptrend since late October and has generated a positive return in 13 out of 14 weeks with a price return of 20.43%.
• Individuals bullish versus bearish about stock prices in the next 12 months have trended higher since July 2022.
• With the S&P 500 Index in an uptrend for most of the past 14 weeks, a pullback would not be unexpected.

The S&P 500 Index has been on an uptrend since late October. Over the past 14 weeks, the S&P 500 has generated a positive return in 13 of the weeks, with a price return of 20.43%....

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