RWM - Weekly Market Pulse: Is The Bear Market Over?

• Stocks had a ripsnorter of a rally last week and a lot of people are pondering the question in the title over this long weekend.
• Sentiment is certainly negative right now by several measures. Sentiment surveys (AAII, Investor’s Intelligence, etc.) are universally negative because it is easy to say you are bearish on a survey.
• The Volatility index hit 39 in late January but is currently at only 25.72. Neither number is particularly compelling for a bottom.
• There is one last sentiment indicator I keep tabs on that is pointing to a potential bottom – insider activity. Insiders have started buying their own stock at rates last seen at the lows of 2020.

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