Today’s Fear and Greed Index Rises to 75, Still in Greed Territory
According to Jinse Finance, today’s Fear and Greed Index has risen to 75, remaining at the “Greed” level. Note: The Fear and Greed Index ranges from 0 to 100 and is composed of the following indicators: volatility (25%), market trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin’s dominance in the overall market (10%), and Google trend analysis (10%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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On Wednesday, approximately four-fifths of the constituents in the Russell 2000 Index recorded declines. Since its peak in August, the index has dropped by 11%, falling below its 200-day moving average and entering a technical correction for the first time since March this year. Analysis indicates that with the US CPI rising more than expected and the probability of rate hikes increasing, small-cap, consumer, and transportation stocks are facing "sustained and long-term resistance."
