With the stock market climbing high to start the month of May – some indexes are approaching record highs and the VIX was plunging to the low 10 level – a new research note from Bank of America Merrill Lynch notes the euphoria may lead to a market bust as Bullish Sentiment soars. Bullish Sentiment highest since August 2015 market crash, but not extreme Stock market bullishness has reached a 20-month high as markets are entering the “sell in may and go away” rhyme territory on the first day of the month. In a May 1 report, BofA’s Equity and…
Bullish Sentiment Highest Since August 2015 Market Crash,
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.