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 December report

Download ISI time series

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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.

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December 2022

Key Observations

  • The December headline sentiment reading was very bearish at -7.8.
  • Buying activity was well below historic norms driving the headline gauge.
  • Investors rotated into utilities while rotating out of technology, financial services and consumer cyclical sectors.