The Fear & Greed Index is 42 today
Sentiment: Fear
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Things are looking a little dam concerning out there. Fear has taken hold.
Fear has taken hold, and tanker investors are left deciding whether that is a signal or just noise.
Today’s reading of 42 sits inside the Fear band, a step down from yesterday’s close of 39 but still short of Extreme Fear territory below 25. The tanker watchlist moved on its own track today. Frontline, DHT Holdings, Scorpio Tankers, Teekay Tankers, and Hafnia all posted fresh moving average updates, and several cleared their trend lines even as broad market sentiment cooled.
What is the Fear & Greed Index?
The CNN Fear and Greed Index measures market sentiment on a scale from zero to 100. Zero means Extreme Fear. One hundred means Extreme Greed. It tracks seven indicators: market momentum, stock price strength, stock price breadth, put and call options, junk bond demand, market volatility, and safe haven demand.
A dam concerning mood does not mean the tanker trade is broken. It means the market is asking a harder question.
Yesterday’s close: 39
Data sourced from CNN Business. Posted automatically by StemGauge every Friday.