Tuesday Note: Nomura and Masanari Takada

tuesday note: The key issue now is whether sentiment rises to more than two standard deviations above its rolling average into the euphoric zone this week, as it did in April, according to Market Watch. See chart below . Nomura Caption outside of wrapper for normal article images While Nomura's proprietary gauge of the global mood around equities is on the upswing, the narrative around market sentiment has generally been downbeat. Although markets have been calm, it appears that the appetite for risk is alive and well, said Masanari Takada, quantitative analyst at Nomura, in a Tuesday note. For example, the share of individual investors who expect U.S. stocks to rise over the next six months rose last week but remains at just 29.5%, according to the weekly survey by the American Association of Individual Investors. See We're already in recession, here's what to do, says economist who called last bubble At the moment, most categories of trader appear to be awaiting the outcome of a meeting between President Donald Trump and Chinese leader Xi Jinping that's expected to take place this weekend on the sidelines of the Group of 20 summit in Osaka, Japan, Takada said. Bearish sentiment, expectations that stocks will fall over the next six months, fell 2.1 percentage points to 32.1% above its historical average of 30.5% for the sixth consecutive week. (news.financializer.com). As reported in the news.