It's been quite a run for market since the 1st of September, and most of the way sentiment has been quite bearish. But for the past one to two weeks sentiment has been slowing turning bullish. At least by our own weekly surveys. And while the tracker charts reflect that sentiment to some degree, we can see once again there's no shortage of cash on the sidelines.
The Top 50 held fairly steady from last week, although these is a very modest dip in stock allocation. Again, the S fund is the overwhelming choice of funds. Cash is a respectable 26%. Overall, I'd say the Top 50 are moderately bullish.
There are a lot of similarities between the Top 50 and the Total Tracker. The S fund is also the favorite here, although not quite as much. There's more cash too. Bonds are also finding more favor here. While stock allocations dipped just a tad in the Top 50, stock allocations for the Total Tracker ebbed just a bit higher. I'd say these charts aren't quite as bullish as the Top 50 give the higher cash/bond allocation.
Caution continues to be the name of the game. But with our sentiment survey ticking higher on bullishness, I would equate that with rising risk for equities. This is based purely on sentiment and not technicals or fundamentals.
The Top 50 held fairly steady from last week, although these is a very modest dip in stock allocation. Again, the S fund is the overwhelming choice of funds. Cash is a respectable 26%. Overall, I'd say the Top 50 are moderately bullish.
There are a lot of similarities between the Top 50 and the Total Tracker. The S fund is also the favorite here, although not quite as much. There's more cash too. Bonds are also finding more favor here. While stock allocations dipped just a tad in the Top 50, stock allocations for the Total Tracker ebbed just a bit higher. I'd say these charts aren't quite as bullish as the Top 50 give the higher cash/bond allocation.
Caution continues to be the name of the game. But with our sentiment survey ticking higher on bullishness, I would equate that with rising risk for equities. This is based purely on sentiment and not technicals or fundamentals.
