Fear and Greed Index Falls to 34 as S&P 500 Climbs Nearly 26%
Updated
Updated · The Motley Fool · Jun 16
Fear and Greed Index Falls to 34 as S&P 500 Climbs Nearly 26%
3 articles · Updated · The Motley Fool · Jun 16
Summary
CNN's Fear and Greed Index slid to 34 from 65 a month ago, moving firmly into the "fear" zone even as U.S. stocks remain near record highs.
Nearly 48% of U.S. investors now expect stock prices to be lower in six months, while only 30% see further gains, according to the latest AAII weekly survey.
That anxiety reflects concern that many rallying stocks are overvalued and could fall harder in a correction, especially hype-driven companies with weak business foundations.
The report says investors should focus on fundamentals such as industry strength, competitive advantage, leadership quality and valuation metrics including P/E, PEG and P/B ratios.