1231 days ago • Posted by Charles-Henry Monchau
Investors (Newsletter) Exuberance
From a contrarian perspective, too much bullishness is a bad sign. As shown on this chart by Bespoke, equity investors sentiment, as proxied by the Investors Intelligence survey of equity newsletter writers, show signs of over-confidence. 64.7% of respondents reported as bullish this week. That is in the top 3% of all readings in the history of the survey. The last time this reading on bullish sentiment was this elevated was in January of 2018. Prior to that, it was February of 1987. Source: Bespoke
