Market temperature (2/11)

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?

During the last five trading days, volume in put options has lagged volume in call options by 89.44% as investors make bullish bets in their portfolios. This is among the lowest levels of put buying seen during the last two years, indicating extreme greed on the part of investors.

Last changed Dec 29 from an Extreme Fear rating.

Investors in low quality junk bonds are accepting 1.76 percentage points in additional yield over safer investment grade corporate bonds. This spread is higher than what has been typical for the last two years and indicates that investors are risk averse.

Last changed Feb 9 from a Neutral rating.

The S&P 500 is 1.10% below its 125-day average. During the last two years, the S&P 500 has typically been above this average, so rapid declines like this indicate extreme levels of fear.

Last changed Jan 14 from a Fear rating.