The number isn't a raging sell signal but it's above the long-term average of 37.5% for the first time in 7 weeks.
As for the bullish side, the all-time high of 75% came right at the peak of the dot-com bubble on January 6, 2000. More recently, the 2021 peak was 56.9% in early April that year and it wasn't until December of that year that the market peaked and rolled over.
In short, I wouldn't be too worried yet but keep an eye on this indicator if it gets above 50% and certainly above 55%.
This article was written by Adam Button at investinglive.com.Hence then, the article about us stock market sentiment is getting a tad frothy was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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