Dear Chart of the Day Fan:
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Tumblr page.
Thanks for your interest. It’s appreciated.
Institutions and individual investors have never been more at odds on U.S. stocks, according to an indicator from the Hedgopia blog. The weekly gauge tracks the spread between the National Association of Active Investment Managers’ Exposure Index, reflecting members’ equity holdings, and the percentage of bulls in a survey by the American Association of Individual Investors. The Exposure Index was more than 70 percentage points higher for four weeks in a row before its lead narrowed this week to 69.7 points, according to data compiled by Bloomberg. The streak was the longest since NAAIM’s index began in 2006.
Stocks Editor, Bloomberg RadioEditor, Chart and Stock of the DayStock of the Hour, Bloomberg Television
Author, Visual Guide to Financial Markets