Jason Goepfert

5-14-2020 at 5:32 pm

Daily Report : Institutions believe in stocks a lot more than mom-and-pop; Late-day selling drives the Smart Money Flow Index to a lower low

A monthly survey of institutional versus individual sentiment on stocks shows that the latter is a lot more optimistic than the former. Responses to questions by Yale University showed that the spread between sentiment in the two groups is near the highest level in 30 years.; In recent sessions, stocks have sold off near the end of regular trading hours. This has pushed indicators that look at late-day activity relative to the rest of the day to lower lows. The Smart Money Flow Index looks at this kind of behavior, and it's diverging from the S&P 500.

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