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Strategies & Market Trends : The Art of Investing
PICK 46.190.0%Nov 11 4:00 PM EST

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From: Sun Tzu3/15/2024 7:15:01 PM
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During the week of October 11, 2022, the Investors Intelligence Bull/Bear Ratio (BBR) fell to a cyclical low of 0.57 (chart). The previous bear market bottomed the next day on October 12, 2022. The BBR reading back then was the lowest since the Great Financial Crisis. We turned bullish in early November figuring that sentiment was much too bearish and that the most widely expected recession of all times would continue to be a no-show.

The S&P 500 is now up 44.7% from the bear market low through Tuesday's close. So naturally, almost everybody is bullish. The BBR jumped to 4.20 this past week to the highest reading since the week of December 19, 2017.

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