6:33 PM · 11 October 2022

Do investors believe the stock market bottom is near?

Increased inflows to Bank of America may suggest that investors believe that the recent downward move on Wall Street is approaching its bottom. Such information has just appeared in the financial media.

The Fear & Greed index published by CNN reached 17 points, which is an extremely low level. This indicator can often be viewed as a contrarian signal.

Today we are seeing the first potential rebound on Wall Street since 4th October, although many analysts indicated that indices will fall to local lows from November 2020 (today such lows were briefly tested by Nasdaq). Currently, the rebound on the US500 is slightly below 0.4%.

Source: xStation5

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