Investment strategist at AMP Capital Callum Thomas signaled the market sentiment has entered the "Greed" zone.
He tweeted out this
chart saying that it is "time to become incrementally more cautious on a tactical basis" :
The graph originates from CNN Money,
which calculates that index based on seven factors:
1) safe-haven demand,
2) stock price breadth,
3) stock price strength on the NYSE,
4) put and call
options,
5) market volatility based on the VIX,
6) S&P 500 market momentum,
7) junk bond demand.
Here is what their latest sentiment gauge shows:
