What John Howell said in this video:
- OtherneutralHe argues that markets do not top when fear is high, and notes that the start-of-year crash narrative driven by oil, geopolitics and inflation was followed by a strong rally, showing that fearful noise is a contrary signal.Source
- Otherpositive for stocksshort-termHe treats a drop in the Fear and Greed Index to 5 or lower as confirmation of maximum fear, and because one-sided bearish noise has repeatedly been wrong, he expects that condition to precede a massive slingshot and an amazing buying opportunity.Source
- SPYbullishshort-termHe expects a further short-term drop toward the 7000-7100 area in the S&P 500 to generate extreme fear, but calls that a gift because one-sided fearful noise is always wrong; with the Fear and Greed Index near 5, he anticipates a massive slingshot soon and an amazing buying opportunity.Source