Market Sentiment

The latest weekly market sentiment data from the National Association of Active Investment Managers and the American Association of Individual Investors for the week ending 3.4.15

The National Association of Active Investment Managers Exposure Index, measures the average U.S. Equity exposure by active investment managers. As the name indicates, the NAAIM Exposure Index provides insight into how investment managers are adapting and viewing the current market environment. In spite of the S&P 500 hitting yet another all-time high this week, active investment managers took some exposure off the table as the NAAIM Exposure Index dropped from 99.2 to 92.1

The American Association of Individual Investors Sentiment Survey measures the percentage of individual investors who are bullish and bearish on the stock market. Bullish investors took the side of caution week-over-week, as the percentage of bullish investors dropped from 45.4% to 39.8%. Despite the drop in bullish sentiment, it still remains slightly above its long-term average

The Volatility Index, or “fear index,” is a key measure of the markets’ expectation of volatility. With all-time highs in the headlines, the VIX index is well off the heightened levels we witnessed earlier in 2015

Tom PsarofagisComment