The speculative frenzy that was ignited by the trillions of dollars in monetary and fiscal stimulus since the pandemic began may be starting to dissipate, according to our InvesTech Investor Psychology Barometer (IIPB). Our IIPB has trended downward in recent months, yet it still remains in the Extreme Optimism zone. If the IIPB falls through the 80-level and back into the normal range, it could be a sign that investor confidence is unraveling and that a market consolidation may soon follow.
