The Hulbert Stock Newsletter Sentiment Index (HSNSI) reflects the average recommended equity market exposure among a subset of short-term stock market timers.
Though the list of market timers incorporated in the HSNSI is proprietary, included are all stock market timers tracked by the Hulbert Financial Digest who (a) have the ability to communicate immediately to clients whenever they change their recommended equity exposure and (b) for whom the recommended exposure level when bullish is at least 50 percentage points higher than when bearish.
The HSNSI is updated every day the NYSE is open, approximately one hour after the close of trading. You may subscribe to either daily or weekly updates of the HSNSI. Click here for more information.
The HSNSI historically has been inversely correlated with the stock market’s subsequent short-term trend. Econometric tests of the HSNSI back to 1985 show that its maximum predictive power exists at the one- to three-month horizon.
