CNN’s Fear & Greed Index has been in “Extreme Fear” for the entirety of this -17% $S&P 500(.SPX)$ correction.
It was at Extreme Fear 1M ago (11), and the $Invesco QQQ(QQQ)$ is down -15% over the last month.
This is not a good indicator of much.
Positioning tells you all you need to know about sentiment (fear and greed).
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We are currently 32 trading days into this SPX correction.
The median non-recessionary SPX correction lasts 60 days.
The median recessionary SPX correction lasts 282 days, almost 5x as long.
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Retail investors bought $4.7 bln in stocks on thursday, largest level over the past decade
No panic!
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