Risks Increase If Investors Have Had Their Fill Of US Equities
Market Insights for April 20, 2023
Our sentiment summary table looks across multiple timeframes and shows a mixed picture of investor attitudes and appetites.
Key takeaways: The collapse in the VIX (especially with it occurring in the absence of broad market strength) warns of dangerous complacency, while the weekly surveys show that we may be getting the bulls needed to produce a bull market. Longer-term, decreased investor appetite for expensive and over-owned US equities is a risk for stocks. From a weight of the evidence perspective, sentiment is neutral.
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