Market temperature (2/28)

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?

Stocks have outperformed bonds by 2.69 percentage points during the last 20 trading days. This is close to the strongest performance for stocks relative to bonds in the past two years and indicates investors are rotating into stocks from the relative safety of bonds.

Last changed Feb 24 from a Fear rating.

The CBOE Volatility Index (VIX) is at 27.59. This is a neutral reading and indicates that market risks appear low.

Last changed Feb 24 from an Extreme Fear rating.

Investors in low quality junk bonds are accepting 1.72 percentage points in additional yield over safer investment grade corporate bonds. While this spread is historically high, it is in-line with recent price history and indicates that investors are not showing significant fear or greed in the corporate bond market.

Last changed Feb 23 from a Fear rating.