NDR Signals

NDR:  Navigating Market Sentiment - A Shift Towards Neutrality

Written by Ned Davis Research | Apr 18, 2024 8:45:39 PM

Recent market fluctuations tempered excessive optimism, with sentiment indicators like the Daily Trading Sentiment Composite dropping to 47.8, its lowest since November 2023. This shift moves the Fab Five towards neutrality, offering potential insights for short-term market dynamics.
 
Historically, such readings signal short-term bottoms, potentially leading to above-average returns. Stay tuned for further updates on market sentiment. Bookmark our blog for more insights.