I have a confession to make.
When I try to divine short-term market movements, I have a distinct weakness for this fuzzy thing called ???market sentiment.???
As a member of the exclusive clan of Chartered Financial Analysts (CFAs) — schooled as we are in the rigors of modern quantitative finance — that admission is borderline heresy.
In world awash and bedazzled by complex financial models, ???market sentiment??? doesn’t have the perceived legitimacy of, say, looking at a company’s balance sheet, or income statements or cash flows.
Finish reading about why market sentiment leaves me bullish.