Recent data shows that sentiment gauges have taken a negative turn, indicating a shift towards pessimism in the market.
Volatility on the Rise
One of the key factors contributing to the current market situation is the increasing volatility, which has led to uncertainty among investors.
Global Economic Concerns
Global economic concerns, including inflation worries and geopolitical tensions, have also played a significant role in dampening investor sentiment.
Tech Stocks Under Pressure
Technology stocks, which were driving the market rally, are now facing pressure due to regulatory concerns and profit-taking activities.
Investor Confidence Wanes
With the recent pullback in the market, investor confidence has started to wane, leading to a more cautious approach towards riskier assets.
Sentiment gauges have soured — but the S&P 500 was at record highs just a few days ago. What’s going on?