Wednesday, September 3, 2025

Global Market Sentiment at Euphoric Levels

 Kobeissi Letter, Sept 1, reproduces chart from Bank of America's Global Equity Risk-Love Indicator at the 93rd percentile of its history since 1987. The gage, KL notes, tracks investors' positioning, put-call ratios, investor surveys, price technicals, and volatility. Note that it stayed at comparably high levels all through 2021 before succumbing in 2022.