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Opinion

Global Economic Surprise Index Plummets

Global Economic Surprise Index Plummets
A logo is pictured on the headquarters of the World Trade Organization (WTO) in Geneva, Switzerland, on June 2, 2020. Denis Balibouse/Reuters
Daniel Lacalle
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Commentary

Investor sentiment is clearly bullish. The CNN Fear and Greed Index for June 18, 2023, stood at 82, which signals “extreme greed.” This is a drastic, optimistic move after closing at “greed” (56 over 100) a month before and “extreme fear” (17 over 100) only a year ago.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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