Research note from Argus Today:
With the latest reading at 44%, the index has plummeted from a recent overly bullish reading of 104%. That 104% level was the sixth time during 2020 and 2021 that the index rose above 100%. Four of those led to small/decent pullbacks in the major indices. During the latest pullback in March, exposure dropped to 49% from 110% in four weeks. It jumped to 79% during mid-March, fell back to 52% at the end of March, and is now at its lowest level since April 2020.
Bookmarks