Closelook at US Stock Markets - Post 02
The Citigroup market sentiment gauge is now near the euphoria level
Photo by Zdeněk Macháček / Unsplash
The Citigroup market sentiment gauge is now near the euphoria level. A reading below "panic" supports a better than 95 percent likelihood that stock prices will be higher 12 months later.
"Euphoria" levels have generated a better than 80 percent probability of stock prices being lower a year later.
