Market temperature (3/3)

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?

Bonds have outperformed stocks by 2.70 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 28 from a Fear rating.

The S&P 500 is 3.43% below its 125-day average. During the last two years, the S&P 500 has typically been above this average, so rapid declines like this indicate extreme levels of fear.

Last changed Jan 14 from a Fear rating.

During the last five trading days, volume in put options has lagged volume in call options by 55.34% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating fear on the part of investors.

Last changed Feb 22 from an Extreme Greed rating.