12/1/2025
By Charles Payne, CEO & Principal Analyst

A More Sober Approach

Going into last week, investors had beat a hasty retreat from the crazy leveraged and inverse exchange-traded funds ( ETFs). In many ways, this is a better sign that investor froth has cooled.

Also, going into last week, only 27% of S&P 500 components traded above their 20-day moving averages. Heading into the week, that number stood at 77.0%. This is phenomenal. The kind of momentum that speaks to investors being all-in on the market, just hot themes.

Fear to Fearless

The Volatility Index (VIX) climbed above 26 in the prior week, as the financial media was foaming at the mouth and cheerleading the “correction.”  The reversal has been swift, and if history repeats, this market could be nicely higher in six months. Meanwhile, technicians are losing their minds over potential “breadth” thrusts (Zweig and Whaley Breadth Thrust).

To read the full report, contact your account representative or email Info@wstreet.com.

Charles Payne
Wall Street Strategies

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