2024-06-03 11:04:12 ET
Summary
- The granddaddy sentiment indicator - Investors Intelligence - suggests a major stock market correction is coming later this year.
- The indicator shows that there are currently far too many bullish newsletter writers, indicating extreme bullish sentiment.
- We believe it will begin later this year, with a decline of 15% or more in the S&P 500, and last through most of 2025.
- A balanced portfolio of stocks, long-term AAA bonds and cash should neutralize most of the risk and also expose one to price gains if this forecast proves early or incorrect.
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The Granddaddy Of Market Sentiment Has Entered The Red Zone