Investor Sentiment Check
The market is still under heavy selling pressure. Investor sentiment measures are flashing elevated bearishness intra-day.
- The CBOE put/call ratio is very high at 1.18
- The ARMS Index is above-average at 1.29
- The ISEE is plunging to 73 (or the put/call equivalent of 1.37)
Those are very high put/call readings, which could help the market bottom soon and reverse higher next week. It seems that investors are already buying puts ahead of an expected January correction.