US Equity Market Sentiment and Relative ETF Flows Since 2018 This chart shows the correlation between US equity market sentiment and relative ETF flows recently. Inflow to US equity type ETF has picked up recently. Image: Nomura
“U.S. Stock Market, No Froth In Sight” Says Stock Market Sentiment Index Keep in mind that it is just another investor sentiment tool. But it does not show at all if the US stock market is overvalued or undervalued. See our stock market valuation model (99% correlation and R² = 0.97 since 1970).
Investor Sentiment – U.S. Market Greed/Fear Index With a Market Greed/Fear Index reading of 70.25, U.S. stock market sentiment is clearly in the “greed” zone, reflecting investor confidence and optimism. Image: Real Investment Advice
Earnings Sentiment (Analyst Upgrades Minus Downgrades Across Markets) Recent weeks have seen a sustained rise in S&P 500 earnings sentiment, driven by strong corporate results and a persistent trend of earnings beats. Image: Goldman Sachs Global Investment Research
Sentiment – Risk Appetite and Expected U.S. Equity Market Performance U.S. equity investors remain highly risk-averse in June 2025, with bearish short-term return expectations, largely driven by political and macroeconomic uncertainties. Image: S&P Global Market Intelligence
Sentiment – NAHB Housing Market Index U.S. homebuilder sentiment continues to fall. Image: BofA Global Research
Sentiment – U. Michigan Increase in Stock Market Prices in 1-Year U.S. consumers are very bulish for stock prices in 1-year. Image: The Daily Shot
Fund Managers Sentiment and Global Stock Market Returns (MSCI ACWI) Are fund managers too bearish? Two-thirds of global fund managers say this is a bear market rally. Image: Hondo Tomasz
Sentiment Indicator – Current vs. Market Peak Currently, this sentiment indicator is relatively bullish compared to the last ten years. Image: Goldman Sachs Global Investment Research
U.S. Home Builder Sentiment – NAHB/Wells Fargo Housing Market Index Lower mortgage rates help the housing market and boost home builder sentiment. Image: Leonard Kiefer
Consumer Sentiment Index and Subsequent 12-Month S&P 500 Returns Throughout history, steep declines in consumer sentiment have often been followed by strong stock market rallies over the next year, making these sentiment lows a potentially reliable indicator of upcoming gains. Image: J.P. Morgan Asset Management