Investor sentiment hits highest level since 1987 in the US

Dr. Ed Yardeni of Yardeni research says “Everyone is bullish. Contrarians know that must be bearish. However, everyone has been bullish for a while, yet the S&P 500 rose to a record high of 2117 on April 24. That’s because everyone has finally figured out that fighting the Fed in particular and central banks in general is dumb. So we are all smart now. As a result, bullish sentiment is at a record high, though the bull market, which is more than six years old, is no spring chicken.” Yardeni calculated the 52-week moving average of the Investor Intelligence Bull/Bear Ratio and says that “At 3.46 this week, it is the highest in the history of this series, which starts in 1987.” Full article: (VIEW LINK)