Unsurprisingly, several flashing indicators suggest that investors are feeling good about the market:• CNN’s Fear & Greed Index: The indicator, which measures seven barometers of market sentiment including the VIX, Wall Street’s most well-known measure of expected stock volatility, is in “greed” territory.
Market sentiment is often seen as a contrarian indicator.
That means that when the herd is optimistic, money managers take it as a sign that stocks will fall, and vice versa.
A closely watched gauge of US wholesale inflation rose at its fastest pace in months, according to new data released Thursday.
In February, car sales climbed 1.8%, purchases of electronics and appliances increased 1.5% and sales at restaurants rose 0.4%.
Persons:
• Charles Schwab, Yardeni, “, Alicia Wallace, Price, Gus Faucher, Read, Bryan Mena
Organizations:
CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Intelligence, Research, Bureau of Labor Statistics, PPI, of Labor Statistics, PNC Financial Services, Retail, Commerce Department, Gas
Locations:
New York