Smart/Dumb and indicators flip to pessimism

Jason Goepfert
2020-02-27
Smart/Dumb Money Confidence has flipped for the first time in 90 days. So have optimistic/pessimistic indicators.

A week of selling, no matter how severe, just isn’t enough time to get fully reflected in many of our indicators. But it’s been heavy enough to push some of them back below neutral for the first time in months. As far as the spreads between Smart and Dumb Money and optimistic and pessimistic indicators, we’ve now seen the end to those long streaks of extremes.

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