The Kobeissi Letter(@KobeissiLetter):Fear is building beneath the market’s surface: The Fear & Greed Index is now down to 24.8, the lowest since early April. This metric is now below the 30-point threshold, signaling "Extreme Fear" among investors. The reading comes despite the S&P 500 sitting just -3.7% below its all-time high. By comparison, the index bottomed at 5.8 points on March 30th and 5.2 points in November 2024. This comes as the 5-day average put-to-call ratio is up to 0.84, the highest since the 2nd week of April and above the levels seen between July 2025 and January 2026. Keep watching sentiment.

2026.06.29 01:03

Fear is building beneath the market’s surface: The Fear & Greed Index is now down to 24.8, the lowest since early April. This metric is now below the 30-point threshold, signaling "Extreme Fear" among investors. The reading comes despite the S&P 500 sitting just -3.7% below its all-time high. By comparison, the index bottomed at 5.8 points on March 30th and 5.2 points in November 2024. This comes as the 5-day average put-to-call ratio is up to 0.84, the highest since the 2nd week of April and above the levels seen between July 2025 and January 2026. Keep watching sentiment.