After yesterday’s testimony by Fed Chair Jerome Powell to the US House of Representatives I analyzed its sentiment on key issues compared to his previous four FOMC policy statements, using ChatGPT. The table below shows the results. Unsurprisingly, ChatGPT left the sentiment for both inflation and...
The economic outlook in Germany weakened for the third month in a row, according to the latest ZEW survey: Anticipation of stock market gains has fallen steadily since last September: The expectation for improvement in profits (red line) fell in a number of industries in...
We measure stock gaps by counting each day the number of stocks in the MSCI World Index that open at least 2% higher (top chart) or lower (bottom chart) than the previous day’s closing price and then take a running sum of those gaps over...
Courtesy of our friends at Sentiment Trader, we present the following chart showing the most recent NAAIM (National Association of Active Investment Managers) survey results. And striking those results are, as they show the average active manager to be levered long and very confident about...
We often hear in the mainstream media of all the available cash sitting on the sidelines and waiting to be invested as evidence that this bull market can go on for several more years....
Certain measures of investor sentiment are starting to heat up these days, which when combined are useful as a contrarian indicator....
In keeping with the familiar trend among European data releases, Germany appears to be the lone bright spot in an otherwise lackluster survey of economic sentiment:...
