[Video] It Is Different This Time

Our friends over at Stockcharts.com asked me to put together a short video on the most important theme of 2021.

For me, it's hard to ignore how breadth deterioration throughout the most the year impacted sentiment. This summer, the extreme levels of bullishness among individual investors and financial advisors became a headwind for stocks.

After the prices of those stocks deteriorated further into the Fall, that sentiment flipped to the opposite extreme. We came into December 2021 with the most bears in over a year and fewest bulls since April 2020.

As we enter 2022, sentiment is very different than how things looked entering 2020 and 2021.

By my work, this time is different. Very different.

Check out the video and full and then let me know what you think!