Daily Report : Worldwide markets, sectors, and industries all recover from bear markets; Economists have become too negative

Across the globe, major indexes are recovering. Every major world market we follow fell into a bear market in March, now fewer than 15% of them are. We're seeing similar recoveries among major U.S. sectors and even industries. The only comparisons there were the ends of the last two bear markets.; Thanks to improvements in labor market indicators, economic surprises in the U.S. have turned positive. This happens when economists extrapolate recent bad news into the future and become too negative on the prospects for a recovery. The positive turn in surprises has reversed record low readings.

This post is available to SentimenTrader members only.

Log into your account

To view this blog post, you'll need to log into your SentimenTrader account.

Login to your account

Don't have an account?

Sign up to get RISK-FREE access to all of our indicators, models, commentary and award-winning research.

If you've never tried the service before, there is no charge for the first 30 days. Then pay as little as $1.59 per trading day for access to our award-winning research.