The Fear & Greed Index is 59 today
Sentiment: Greed
Our fox friend is clutching that money bag tight. Greed is driving the market today.
Track tanker stocks live on TradingView.
When the fox shows up, investors stop asking what could go wrong and start asking how much they can buy.
The score moved from 58 yesterday to 59 today. That is a small tick higher, still firmly in greed territory, but well shy of the extreme greed zone that starts at 75. Markets that sit in this middle band of greed often keep grinding higher until something breaks the mood. The risk is not the current reading. The risk is complacency that builds when the index spends weeks in this comfortable spot.
Greed in the middle of the range is the most dangerous kind. Nobody is scared enough to sell and nobody is excited enough to take profits.
What is the Fear & Greed Index?
The CNN Fear & Greed Index measures market sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed). It tracks seven indicators including market momentum, stock price strength, stock price breadth, put and call options, junk bond demand, market volatility, and safe haven demand.
Yesterday’s close: 58
Data sourced from CNN Business. Posted automatically by StemGauge every Friday.