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Daily Report : Can the Bull Market Last for Another Year?

by Sentimentrader
2025-12-16
In 2023, we posted a series of articles on The Benner Cycle. At the end of 2023, it suggested a three-year bull market was in the offing. So far so good in 2024 and 2025. Can 2026 follow suit? We re-examine the history herein.
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Headlines

Can the Bull Market Last for Another Year?: In 2023, we posted a series of articles on The Benner Cycle. At the end of 2023, it suggested a three-year bull market was in the offing. So far so good in 2024 and 2025. Can 2026 follow suit? We re-examine the history herein.

Smart / Dumb Money Confidence

Smart Money Confidence: 37% Dumb Money Confidence: 69%

Risk Levels

Stocks Short-Term

Stocks Medium-Term

Bonds

Crude Oil

Gold

Agriculture

Research

Can the Bull Market Last for Another Year?

By Jay Kaeppel

BOTTOM LINE
In 2023, we posted a series of articles on The Benner Cycle. At the end of 2023, it suggested a three-year bull market was in the offing. So far so good in 2024 and 2025. Can 2026 follow suit? We re-examine the history herein.

FORECAST / TIMEFRAME
None

Sentiment Risk On / Risk Off Overview

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Indicators at Extremes

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% Showing Pessimism: 9%
Bullish for Stocks
Inverse ETF Volume
S&P 500 Down Pressure
Insider Buy/Sell Seasonally Adj
Mutual Fund Flow (no ETFs)
CSFB Fear Barometer
% Showing Optimism: 40%
Bearish for Stocks
Smart Money / Dumb Money Confidence Spread
Intermediate Term Optimism Index (Optix)
Dumb Money Confidence
% Showing Excess Optimism
Rydex Money Market %
Rydex Ratio
Retail Money Market Ratio
NYSE High/Low Ratio
ISE Equity Call/Put Ratio
SKEW Index
Stock/Bond Ratio
VIX Term Structure
OEX Put/Call Ratio
ISE Call/Put Ratio
Options Speculation Index
LOBO Put/Call Ratio
Risk Appetite Index
NAAIM Exposure Index
AIM (Advisor and Investor Model)
AAII Allocation - Stocks
Equity / Money Market Asset Ratio
Mutual Fund Cash Level
NYSE Available Cash

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Ranks

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Sentiment Around The World

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Optimism Index Thumbnails

Sector ETF's - 10-Day Moving Average
Country ETF's - 10-Day Moving Average
Bond ETF's - 10-Day Moving Average
Currency ETF's - 5-Day Moving Average
Commodity ETF's - 5-Day Moving Average
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