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)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.