With investor sentiment already in the dumps, one ingredient to a rebound may have arrived
But there’s an upside to this upheaval: Glum investor sentiment is reflecting the current bout of stock market turbulence, and that may be good news for anyone looking to take advantage of beaten-up stocks.
Though the failure of SVB was initially seen as the result of bad bets on interest rates by one bank that specialized in lending to the tech startup ecosystem, additional turbulence in the sector has left investors wondering if others are at risk. “At the moment, it doesn’t look like we are in a 2008 scenario,” he said, referring to the start of the Great Financial Crisis. “But that doesn’t mean that all of these problems are just going to blow over.”
The sentiment survey showed that net bullishness – or the percentage of bullish respondents minus the bearish ones – stands at about negative 29 per cent, which is at the low end of the historical range and offers a contrarian case for stocks.
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