It’s amazing when you think about it.
The stock market is having a historic year. The S&P500 is up over 20% so far, with one of the best months of the year still ahead.
The Dow Jones Industrial Average is just 2% from new all-time highs.
And the Nasdaq100 got off to its best start to a year in history, and has already returned over 46% for 2023.
What’s odd is that with all this good news, investors are still sad.
It’s hard to quantify sentiment data, but I think we do as good of a job as anyone else out there.
When you aggregate all the data and include a variety of different polls and indicators, somehow investors are still extremely pessimistic: [Read more…]