Fathom’s Recovery Watch Chart 25.11.2020: Are investors right to be bullish or are they being complacent?
Sentiment among investors is more bullish than at any point since 2018, according to the American Association of Individual Investors’ survey, a widely used indicator of market sentiment. With policy measures unlikely to be unwound anytime soon and the prospects of a vaccine ever closer, the market prospects appear sound, but investors need to look out for complacency. Risks around the effective delivery of a vaccination programme and the increasing trend in the number of cases in many countries should not be forgotten.
This chart is taken from Fathom’s Recovery Watch newsletter. Click here to subscribe to Recovery Watch.
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