What The Oldest Sentiment Indicator Is Saying About This Market

Advisory: wait for a buy signal from the ST‑MSI before adding to equity positions; no immediate accumulation. Authors note bearish sentiment readings are better at identifying market lows than highs and can remain depressed during extended bull runs, so patience is warranted.

Analysis

Advisory: wait for a buy signal from the ST‑MSI before adding to equity positions; no immediate accumulation. Authors note bearish sentiment readings are better at identifying market lows than highs and can remain depressed during extended bull runs, so patience is warranted.