Why Investor Sentiment is Turning More Bearish. 8/29/22
Investor sentiment is turning more bearish by the day, with net short positions against S&P 500 futures at their highest levels since 2020. Piper Sandler Chief Market Technician Craig Johnson and Hennessy Funds Portfolio Manager Josh Wein lay out the trading week ahead. Plus, Gazprom will shut down the Nord Stream 1 pipeline for three days starting Wednesday. Husseini Energy President Sadad Al-Husseini discusses the European energy crisis. And, Taiwan says a legislative commission from its government will visit Washington, DC next month to boost bilateral ties. Longview Global Managing Director Dewardric McNeal dives into what this means for investors.
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