Monthly Investor Sentiment Index Insights Resources Our Data Pledge

Monthly Investor Sentiment Index

ISI Reading

The index is calculated as the relative share of individual investors that are net buyers of U.S. equity securities versus those that are net sellers or net neutral in a monthly time frame producing a reading between -100 and 100.  

Download April report

Download ISI time series

ISI Activity

The activity represents the index components such that “buying” - “selling” will net to the ISI. Dotted lines represent the historical average for each component.

April 2022

Key Observations

  • April's headline sentiment reading remained bearish at -2.0 following a similar read in March.
  • Trading volumes remained low relative to history signalling investors are staying on the sidelines.
  • Investors continued to rotate from cyclical sectors like technology and communications to defensive ones like utilities and consumer defensive.