Our Confidometer assesses global risk conditions using a mixture of sentiment, option prices, investment flows and margin debt data to help determine if investor sentiment is excessive or not (thereby raising a green or red flag). Our analysis focussed primarily on the S&P500 which serves as the bellwether equity index for most investors. For a daily update of these indicators and much more with commentaries and actionable content, consider a free trial to the Bentin Daily, our premium research service. For brief daily review, please check our regular blog posts.
We dislike nearly everything we saw in the markets last Friday and what we see in our confidometer today starting with the jump into risk aversion but also the continued rise in EM volatility and weakness, the cratering in the smart money index (suggesting ever more weakness on closing vs. the opening hour and near crafering in the economic surprise index for kost economies.
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