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Saturday, November 2, 2024

CHART OF THE DAY: THE SMALL INVESTOR HATES THIS RALLY

CHART OF THE DAY: THE SMALL INVESTOR HATES THIS RALLY

from dangerous mindsCourtesy of The Pragmatic Capitalist

As the most hated rally in the history of rallies continues, the small investor remains incredibly pessimistic about the sustainability of any recovery. Is this the contrarian of all contrarian signs or is this simply another case of the public seeing thru a stimulus based rally for what it really is?  David Rosenberg at Gluskin Sheff elaborates on the record lows in sentiment:

As Chart 1 illustrates, a record-low 6.2% of Americans buy into the recovery story  and it looks as if this picture is already in the process of double-dipping.  Rarely, if ever, has the perception gap between Wall Street and Main Street been so wide as it is today.

sent CHART OF THE DAY: THE SMALL INVESTOR HATES THIS RALLY

Source: Gluskin Sheff 

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