Citi's stock market sentiment gauge, The Panic/Euphoria Model, has delivered consecutive weeks of euphoric readings for the market

James Marlay

Citi's stock market sentiment gauge, The Panic/Euphoria Model, has delivered consecutive weeks of euphoric readings for the market. According to Citi this is a contrarian indicator and sign of bad things to come. Euphoria readings indicate the market may retreat with an 83% historical probability of losses in the next 12 months. There is a chart and description on the Model following link. (VIEW LINK)


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