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More pessimism, but with valuation offset

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The Fab Five Sentiment Component has risen back to 2022 highs. DAVIS265 remains in its most pessimistic mode, but above the lows reached in February. The slower moving Crowd Sentiment Poll has fallen below its March low to levels last seen during in April 2020. Elevated valuations provide some offset to the pessimistic messages.

Ned Davis Research | NDR Hotline | Insights | 3X Weekly

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