Three of four signals favor risk-on this week. The lone holdout: Treasury Rotation, which keeps flagging a defensive undertone beneath the surface.
Beta Rotation: Risk-On
Treasury Rotation: Risk-Off
Lumber/Gold: Risk-On
200-day MA: Risk-On (SPX +7.7% above)
Full read: https://t.co/TbdbrhWN1w
One for the bears. For only the third time in history, the following happened.
VIX up > 15%
Gold up > 3%
Crude Oil up > 5%
Dates:
9/17/08
9/17/01
10/13/23
JUST IN: Fear & Greed Index falls to 25, extreme fear, for the first time since March 2023.
Just 2 months ago, the index was showing extreme greed.
Since the Fed's last rate hike in July, the index has moved in a straight line lower.
Fear has returned to the market.