The Market No Longer FearsAug 19, 2021
After a long period of fear, sentiment in the market is turning around in spite of recent news concerning crypto provision in the U.S. government’s infrastructure bill.
The Fear & Greed index generally moves alongside the market, so this isn’t too surprising. The metric has already entered a state of “greed,” but this isn’t too concerning as the readings are fairly volatile. Additionally, the market can stay in a phase of fear or greed for an extended period of time, so entering a state of greed early into the trend isn’t bearish.