Boring is back
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Stuck in the middle (#1)
Citi's US economic surprise index looking fairly neutral at present.
Source: Refinitiv
Stuck in the middle (#2)
GS bull/bear indicator.
Source: GS
Stuck in the middle (#3)
Risk appetite indicator level and momentum factors.
Source: Goldman
Stuck in the middle (#4)
Average percentile of sentiment indicators.
Source: Haver
Stuck in the middle (#5)
Even defensives vs overall market (in terms of valuation) is right on or close to the long term average.
Source: Datastream
Stuck in the middle (#6)
BofA Bull & Bear Indicator since 2002.
Source: BofA
Stuck in the middle (#7)
Macro hedge fund equity beta.
Source: JPM
Stuck in the middle (#8)
Also some measures of valuation...EY-BY gap is staying as flat as before...
Source: JPM
Stuck in the middle (#9)
VIX is not cheap enough to buy (yet) nor expensive enough to sell...
