Hey, Ross here:
You can feel market sentiment shifting bullish – from both the institutional and individual investors.
So let’s look at a chart that shows just how bullish institutions have become.
Chart of the Day
This is Bank of America’s survey of global fund managers, where they rank their views from bearish to bullish (with maximum bullishness being a 10).
The collapse of Silicon Valley Bank back in early March marked the lowest sentiment readings this year.
But as you can see, institutional sentiment is essentially at the highest level since January 2022.
Now, you may have noticed that, despite the sharp increase, the institutional sentiment readings are still quite a ways off from previous peaks.
But as I explain in the Insight of the Day – this is actually a good thing.
Insight of the Day
Because it takes time for institutional sentiment to flip, most traders underestimate the length of a potential rally.
Individual investors can flip their sentiment from bearish to bullish – and change their trading accordingly – in nearly an instant.
It’s not so easy for institutional investors. There are numerous institutional hoops to jump through first – involving lots of tedious writing, bureaucracy, and stern-faced committees.
That’s why institutional sentiment always takes more time to flip than individual sentiment…
And why most individual traders underestimate how long a rally can go for.
Because it takes more time than you think for the institutions to “officially” jump in…
But when they do, they can sustain a bull rally far longer than most think.
I believe that’s what’s happening now. This bull market is just getting started…
Meaning the biggest gains are still ahead.
That’s why later today at 4 p.m. Eastern…
I’m going LIVE for an Emergency Profits Masterclass that will show you how to use my “Profit Triggers” to target the most explosive stock moves.
These triggers have been used by the greatest traders in history dating back to the Great Depression…
And with a new bull market finally here, there’s never been a better time to use them than now.
Every single open position made using this strategy is currently in the green – but we’re just getting started.
Clear your schedule…
And I’ll see you at 4 p.m. ET sharp.
Don’t be late.
Embrace the surge,
Editor, Stock Surge Daily