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 February 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.

February 2023

Key Observations

  • The February headline sentiment was moderately bearish at -2.2.
  • Net trading activity reached historic lows as investors stayed on the sidelines in volatile markets.
  • Investors rotated into consumer cyclicals while rotating out of consumer defensive and industrials.