Heatmaps

If you only looked at the S&P 500, you might think it had been a relatively quiet few…

Geopolitics is back in the headlines — and back in the driver’s seat for markets. The latest flare-up in…

At the headline level, risky assets have been moving sideways since May. Underneath the surface, however, market leadership has changed…

Sentiment is getting more bullish, but without becoming extreme. The bigger change this week is underneath the surface. The unusually…

While equities have been trading sideways around all-time highs, sentiment has also been moving sideways — but well below its…

There’s never a quiet week on the news-flow front, but as far as markets are concerned, it feels…

The rollercoaster continues. Whatever slight bearishness appeared in the sentiment data last week has largely evaporated following the rally in…

What an end to the week. Stronger jobs report. Rates up. Equities down. Tech down a lot. And, to finish…

Bullishness is broadening out, but overall investor sentiment remains well below pre-war levels — and even below mid-April levels.…

News around the Strait of Hormuz is still driving some of the day-to-day market volatility. But beneath the…

Equities ended the week on a weaker note, but investor sentiment had already been fading throughout the week. If you…