NDR: Market Digest, May 2024 - Excessive optimism streak broken

The NDR Crowd Sentiment Poll surged into excessive optimism territory a month after the October 2023 lows, despite economic uncertainties. A return to balanced sentiment levels followed a 4% S&P 500 drop, signaling the impact of price fluctuations on sentiment shifts. This optimism streak lasted 99 days, ranking as the third-longest since 1995, with historical data suggesting a slight weakening trend in the subsequent three months.

Thank you for your interest in NDR’s Market Digest May 2024 publication titled “May 2024 - April showers bring May flowers?” You may download a complimentary copy of this timely, monthly macroeconomic research report for wealth professionals by clicking here.

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About Ned Davis Research
Ned Davis Research (NDR) is a global provider of independent investment research, solutions and tools. Founded in 1980, NDR helps clients around the world make objective investment decisions. Our experienced strategists and analysts use fundamental and technical research with models, charts, indicators and weight-of-the-evidence methodology to help clients see the signals and invest with confidence. NDR is headquartered in Sarasota, Florida, with offices in New York, London, and Hong Kong.