From the desk of Willie Delwiche.

Key Takeaway: Flow data showing equities attracting 71 cents of every ETF dollar in the first half of 2022 casts some doubt on claims that sentiment is washed out even as bears continue to...

From the desk of Willie Delwiche.

Key Takeaway: With pessimism at levels that elicit comparisons to the financial crisis, conditions are set for a meaningful bounce in equities. But at this point, the similarities appear...

From the desk of Willie Delwiche.

Key Takeaway: More and more distribution patterns are resolving lower as bearish price action runs rampant across all major assets classes. Even the leadership groups such as commodities...

From the desk of Willie Delwiche.

Key Takeaway: Lower prices have a way of souring investor moods. It’s a relationship that thrives on the feedback loop it creates. Increased selling pressure begets pessimism that fuels...

From the desk of Willie Delwiche.

Key Takeaway: There is plenty of talk about investors turning fearful. This is reflected in more bears than bulls on the various sentiment surveys and high demand for puts relative to...

From the desk of Willie Delwiche.

Key Takeaway: Investor moods will change as prices fluctuate but they seemed to follow word with deed in May. The AAII asset allocation survey showed them lightening up (perhaps only...

From the desk of Willie Delwiche.

Key Takeaway: Fear and concern are at the tip of every investor's tongue, yet their eyes remain on the market. For all the pessimism suggested by sentiment surveys, there’s still...

From the desk of Willie Delwiche.

Key Takeaway: The disconnect between what investors say and what they do continues to be overlooked by sentiment indicator tourists. While consumer sentiment (what they say) is near its...

From the desk of Willie Delwiche.

Key Takeaway: The unwinding of a liquidity-fueled speculative bubble is weighing on investor sentiment, pushing many indicators into areas that signal excessive pessimism. The challenge in...

We get to talk to a lot of traders and investors every single day. I like to listen.

In the first chart, we have what seems to be the consensus view. Investors fear that we...

From the desk of Willie Delwiche.

Key Takeaway: At last week’s CMT Symposium, the lack of bulls and high number of bears on the AAII survey was probably the most oft-cited single statistic by the symposium speakers. This...

From the desk of Willie Delwiche.

Key Takeaway:  The lack of a meaningful rebound in price sustains a subdued atmosphere across the market. Sellers continue to drive prices lower and equity put/call ratios are on the rise...

From the desk of Willie Delwiche.

Key Takeaway: That investors are in a dour mood is not in doubt. We just saw the fewest bulls on the AAII survey since 1992 and the University of Michigan Consumer Sentiment Index is about...

I was at a family get together this weekend filled with Easter egg hunts, good wine and some great eats.

It was my wife's side of the family and some of them are familiar...

Individual investors with way too much exposure to growth stocks are not happy.

In fact, they're the most pessimistic they've been in 30 years.

From the desk of Willie Delwiche.

Key Takeaway: Renewed selling pressure brings an air of disappointment rather than fear. Lackluster price action, an absence of a meaningful breadth thrust, and an overall risk-off...

From the desk of Willie Delwiche.

Key Takeaway: The rally off of the mid-March stock market lows has equity investors feeling better. Without upside follow through (in terms of price and/or risk appetite), moods could...

From the desk of Willie Delwiche.

Key Takeaway: Price action has a way of changing sentiment, and the recent bout of strength has brought signs of hope. Optimism is on the rise with an uptick in bulls, a rebound in both...