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Tag: Investor Sentiment

  • CONTRARIAN VIEW:  Near Peak Exuberance 230715

    The Markets are euphoric about a likely peak in interest rates.  My contrarian nature is focused on another likely peak- Investor Exuberance. I calculate investor exuberance from both sentiment and volatility indicators.  The below chart compares the S&P 500 with my gauge of exuberance.  While both the Market and exuberance can go higher, near term…