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Michael Hall, Head of Distribution at Spectrum Markets, comments: “After putting the uncertainty of the US debt ceiling discussions behind it, the S&P 500 has resumed the bull run it started in mid-March, helped in no small part by renewed optimism for Big Tech as well. But it hasn’t been a smooth ride, and our SERIX indicator of investor sentiment over the last few weeks suggests European retail investors have been moving quickly to keep up with the latest market news.
Sentiment on products linked to S&P 500 has swung between a high of 118 on May 23rd, dropping to a bearish 72 a few days later, before shooting back up to a bullish 114 on May 31st, and again dropping to 69 by June 2nd. More and more we see sophisticated European retail investors ready and willing to trade near-term movements in global markets, often taking advantage of out-of-hours trading opportunities to do so.”
A graph of the recent daily SERIX data for the S&P 500 is shown above. The SERIX value indicates retail investor sentiment, with a number above 100 marking bullish sentiment, and a number below 100 indicating bearish sentiment. (See here for full methodology).
