Articles tagged with $CPCE

Let me first begin this discussion by saying that sentiment does a MUCH BETTER job at marking market bottoms than it does market tops. And remember, sentiment is just one piece of the market puzzle and we need to look beyond sentiment to other corroborating factors before growing more optimistic (market bottom) or pessimistic (market top)....keep reading

I remember back at MarketVision 2022, held on Saturday, January 8, 2022, that I said, "Our biggest issue heading into 2022 is sentiment". We had NEVER seen so much bullishness and complacency in the equity-only put-call ratio ($CPCE). Our 253-day SMA (1 Year) of the CPCE was lower than almost ANY SINGLE CPCE DAILY READING over the prior 15 years. It was CRAZY! My comment then, throughout 2022, and even into 2023, was that we needed a sentiment reset. We needed everyone to grow so bearish that they believed the market would crash and never come back. Unfortunately, we needed everyone to just SELL! Well, we're there....keep reading