Sentiment Falls, But Investors Still Euphoric – ValueWalk Premium
Investors

Sentiment Falls, But Investors Still Euphoric

Investors are still Euphoric, and there is a good chance of a correction this year, but the S&P 500 is only slightly overvalued according to Citi’s most recent PULSE report.

“Our Panic/Euphoria model remained in Euphoria territory, while our proprietary Cyclical Expectations Model bounced higher. One of our highly correlated valuation metrics argues that the S&P 500 (INDEXSP:.INX) is roughly 20% undervalued, but several other measures are less attractive,” writes

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