Market temperature (2/24)

The fear and greed index is a tracker to measure two of the primary emotions that influence how much investors are willing to pay for stocks and cryptos.

Be fearful when others are greedy. Be greedy when others are fearful.---Warren Buffett

What emotion is driving the stock market?

Investors in low quality junk bonds are accepting 1.75 percentage points in additional yield over safer investment grade corporate bonds. This spread is higher than what has been typical for the last two years and indicates that investors are risk averse.

Last changed Feb 16 from a Neutral rating.

Bonds have outperformed stocks by 1.28 percentage points during the last 20 trading days. This is close to the weakest performance for stocks relative to bonds in the past two years and indicates investors are fleeing risky stocks for the safety of bonds.

Last changed Feb 18 from a Neutral rating.

The number of stocks hitting 52-week lows exceeds the number hitting highs and is at the lower end of its range, indicating extreme fear.

Last changed Jan 20 from a Fear rating.