Resumo do Relatório
Poor sentiment is bullish: Eye on the World 30/09/20
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Markets eased after 3-day rally ahead of acrimonious first US presidential debate that stoked election disruption fears. We see election concerns overdone, better priced than feared and would use pre-election weakness to position for year-end recovery.
HOT TOPICS see’ current poor investor sentiment as a key market support, with our composite Investor Sentiment Index near contrarian buy levels that have historically seen a double-digit forward return. Retail investors are bearish, we have seen consistent fund outflows, and VIX still above average.
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