| Product: | S&P 500 Daily Sentiment Index - S573 |
| Run Date: | 2025-05-08 |
| Update Frequency: | Daily |
Stock Market Chart Watch
Chart Number: S573
Revision Date: November 2010
S&P 500 DAILY SENTIMENT INDEX
Chart S573 shows a short-term sentiment indicator based on the views of mostly non-professional, retail traders on the S&P 500 Index. It is calculated from daily responses reported to MBH Commodity Advisors, Inc. and is shown as the percentage of traders who have a bullish view of the stock market.
As the results shown on the chart indicate, the S&P 500's returns have been highest when investors have been bearish (low indicator readings), while the index has had poor returns when a substantial majority of investors have been bullish (high indicator readings). This result is found with most of our sentiment indicators because when most investors report that they are bullish, they are most likely already fully invested and thus have little liquidity left to push prices higher. Conversely, when investors are mostly bearish, they have likely already sold and have more liquidity available for future purchases.
The results on this chart are further confirmation of our long-standing view that it pays to be wary of the crowd when it reaches an extreme in sentiment.
S573 05/08/2025 05/07/2025 05/06/2025 05/05/2025 05/02/2025
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S&P 500 Index 5663.940 5631.280 5606.910 5650.380 5686.670
S&P Index 69.000 64.000 60.000 65.000 70.000