Bloomberg analyst Eric shared a good index for US stock sentiment reference. Interested friends can refer to it.
$SPY is an index fund that tracks the Standard & Poor's 500 Index (S&P 500), and Eric also put forward certain views on the reference method of this index.
Every time the US stock S&P 500 hits a new high, it is accompanied by the lowest trading volume of SPY. The relationship is that when people are optimistic, they will not buy SPY, and when people are panic-stricken about the market, they will buy a lot of SPY, resulting in an increase in short-term SPY trading volume.
Therefore, the short-term trading volume of SPY can be used to refer to the trend of S&P sentiment, and Eric also jokingly calls the index the "People's Panic Index".
Interested people can learn about it.
