From the Desk of Louis Sykes @haumicharts
One of our favorite anecdotal indicators is the classic magazine cover.
Journalists do a tremendous job of aggregating consumer and investor sentiment.
By the time these magazines and other features take time to plan, develop, and eventually publish their covers, they’re always going to be late to the party.
That time delay often presents a prime opportunity for investors.
Similarly, ETF providers also give us a wealth of sentiment information, particularly when it comes to ETF launches and de-listings.
ETF providers have a hilarious track record of launching funds at the complete worst time while de-listing them right before things get going.
A classic example is the coal ETF that got de-listed right before the epic bull market in coal stocks just began.
In crypto, we have yet another insightful indicator, one I like to call the “FTX indicator.”