Hated bull market roars on

Monday, 29 January 2024

The Market Ear with more encouragement for the bulls.

The curious case of the somber sentiment

We are looking for a tactical opportunity to short this rally, but one thing that is missing is the perfect peak sentiment set-up. We are frankly rather puzzled that many sentiment indicators are not more exuberant or stretched. Let’s have a look at some of them.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.