4-30-24 Bullish Sentiment Index Reverses With Buybacks Resuming

Over the last two weeks, the bullish sentiment index has reversed from extreme greed to fear. While the index can indeed fall further, what is notable is the sharp reversal of market “exuberance” in such a short span. It would be unsurprising if the market failed this initial resistance test and ultimately retested the 100-DMA soon. Such a pullback would solidify that support and complete the reversal of the bullish sentiment index.

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor, Jon Penn, CFA
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Articles mentioned in this report:
"Bullish Sentiment Index Reverses With Buybacks Resuming"
https://realinvestmentadvice.com/bullish-sentiment-index-reverses-with-buybacks-resuming/
"Sucker Rally Or The Return Of The Bulls"
https://realinvestmentadvice.com/newsletter/
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https://realinvestmentadvice.com/retail-sales-data-suggests-a-strong-consumer-or-does-it/
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