Investor Sentiment
Implied by the Market
- VIX
- SKEW
- Implied ERP
Institutional Investor Sentiment
- National Association of Independent Investment Managers (NAAIM) weekly poll – Approximately 40 NAAIM member firms who are active money managers are asked each week to provide a number which represents their overall equity exposure at the market close on Wednesday.
- Net Long Interest in S&P 500 Futures – This is the most liquid equity entity in the world. You can see this at http://www.cmegroup.com/trading/equity-index/cftc-tff/main.html (Commitment of Traders(COT) in Equity Futures Report). The cool part of this is being able to see the interest by broker, asset manager, leveraged money and Others. As is obvious, high net long signifies bullishness.