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Stock-market timers turned bearish in June and July, a contrarian sign

MarketWatch cites a contrarian read of market-timer sentiment, saying the rush for the exits after June and July turmoil argues against an early bear market.

Reported · Written up by our desk · Indices

MarketWatch reports that a contrarian analysis of market-timer sentiment suggests recent weakness is not the start of a bear market.

The outlet points to stock-market timers who, in June and July amid market turmoil, reportedly rushed to the exits in a big way, which the analysis frames as opposite to the stubborn bullishness typically seen at bull-market tops.

MarketWatch contrasts this behavior with the sentiment hallmark of bull-market extremes, arguing the current setup does not fit that pattern.

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