This Sentiment Gauge Just Reached Its Most Optimistic Level Since Pre-Covid Days. Time to Buy Stocks?
All three major benchmarks dropped into bear territory last year. And ever since, one big question has been on investors' minds: When will the next bull market take over? That time of market growth isn't here yet.
But some positive things have been happening. For instance, the S&P 500 has climbed more than 20% from its bear market low. And just last week, a key sentiment gauge reached its most optimistic level since pre-covid days. Does this mean it's now time to buy stocks? Let's find out.
First, a word on the S&P 500's movement. Some say the gain from its low has pushed the market into bull territory. But to truly enter a bull market, another condition must be met. The index also has to reach a new high. That hasn't happened -- but it's something to watch for.
Source Fool.com
