Investor Sentiment Getting Greedy? Seems Unwarranted
XAU/USD
+0.79%
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Gold
+0.86%
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Several indicators of investor sentiment are showing rising “greed” levels. And when investors get greedy, it tends to imply that we are nearing a top.
BTC/USD-Weekly Chart
But, I am unsure why greed levels are so high when so many assets have little to brag about over the past few years!
Today’s weekly chart mash-up shows the performance of 6 different instruments across various asset classes since December 2021 and gold has been the best performer at +13%.
The others have literally gone nowhere. Basically flat.
So perhaps all this excitement is a bit overdone. And maybe investors need to be more selective in choosing assets with good risk/reward setups.
