Not exact matches
Bond prices fell, sending the yield on the U.S. 10 - year Treasury note to its highest level in four years, following newly released minutes from the U.S. Federal suggesting
bullish sentiment among policy - makers and signalling
more interest rate hikes ahead.
The news triggered another round of buying after yesterday's rally in equities and other risk assets, with the Japanese Yen also selling off in a sign of a
more bullish investor
sentiment.
Earlier this year,
bullish sentiment was focused on Ethereum, a virtual currency network that is
more adaptable than Bitcoin.
Given the increasingly steep slope of the current market advance, along with the most extreme valuations in history and the most lopsided
bullish sentiment in
more than three decades, it's quite possible that this instance will be different.
Sentiment in the options market, as indicated by 1 - month risk reversals (a measure derived from the relative prices of put and call options in the Australian dollar), has also become
more bullish since mid 2004.
While
bullish sentiment declined, the bearish camp became
more crowded rising from 23.76 % to 32.76 %.
In May of this year the total speculative net - short position in Canadian dollar (C$) futures hit an all - time high, meaning that the C$'s
sentiment situation was
more bullish than it had ever been.
The central issue is much
more general: when extreme valuations and lopsided
bullish sentiment are joined by deterioration in market internals, one faces an environment that couples compressed risk premiums with increasing risk aversion.
Mr Miles highlighted the point that investors usually fall prey to panic selling when the market dips and succumb to «greed» when
sentiments turn
bullish, and
more often than not if such behaviour persists, the investor would eventually end up in a state of pauperism.
While we don't expect significant new lows after last week's crash,
more corrective price action is needed after the lofty August rally to clear the overly
bullish sentiment.
«Retail
sentiment indicators also look to have peaked in January and we do not see anything on the horizon to get retail investors
more bullish than they were following a tax cut.»
The 44 periods with
bullish sentiment readings
more than two standard deviations above average were followed by a six - month fall in the S&P 500 only 48 % of the time.
Sentiment remains
bullish, as you'll see in our Market Views, although advisors are turning a bit
more cautious.
However, I do tend to get
more bullish when the general
sentiment turns bearish and vice versa (too soon most of the time).
Mr Miles highlighted the point that investors usually fall prey to panic selling when the market dips and succumb to «greed» when
sentiments turn
bullish, and
more often than not if such behaviour persists, the investor would eventually end up in a state of pauperism.
«Almost 80 % of traders are now in a long position, signaling that market
sentiment is overwhelmingly
bullish and that players expect
more upside in the aggregate.»
With
sentiment more bullish than ever, bitcoin prices look likely to test $ 10,000 levels — and perhaps beyond.
There is general
bullish wave sweeping across the cryptocurrency market with traders shifting their
sentiments and buying
more as opposed to selling.
Usually, for every $ 1,000 BTC price drop, BCH dips about $ 100 and vice versa during
more bullish market
sentiment.