Fear-and-greed index (0-100) is currently at: 10

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The daily sentiment index on the S&P and Nasdaq was 8 and 9% yesterday. So by that measure the markets are short term oversold. Markets do crash from oversold levels though.

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I’m split on what happens short term. It could rally strongly but the long term technical condition of the market is still extremely bearish.

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One week ago, December Fed rate hike odds:80%. Today: 70%



h/t mark000


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