The Goldman Sachs Bull/Bear Market Indicator measuring market and economic sentiment hit 73% 🚀 , one of the largest readings in history. As you can see, this is in line with the previous peaks that occurred before bear markets in 1999, 2007, and 2020. The index uses US stock market valuations, government bonds yield curve, unemployment, inflation, and other economic metrics.
➡️ It simply means that the sentiment has rarely been this euphoric before.