Jason Goepfert

9-30-2020 at 5:32 pm

Daily Report : The Sentiment Cycle has moved out of the Discouragement phase

When we take a more rigorous look at the typical Sentiment Cycle, we can see that stocks never really endured the Discouragement phase, rather investors moved right into Returning Confidence. That has positive implications for the medium-term, but the long-term is questionable.

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