BoA: Investor sentiment is lacklustre

Trying to figure out investor sentiment to predict future market returns is a form of analysis as old as the markets themselves. Analysis can be both highly accurate and highly inaccurate, depending on the quality and quantity of data used to arrive at a suitable conclusion.

• Six drivers to propel enhanced Emerging Markets sentiment
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Bank of America Merrill Lynch’s global equity Risk-Love investor sentiment indicator is one of the more rigorous sentiment indicators around. This indicator tracks positioning, put-call ratios, investor surveys, price technicals and volatility, spreads and correlations measures. The list of inputs is extremely impressive...