About Mike O'Toole

This author has not yet filled in any details.
So far Mike O'Toole has created 15 blog entries.
11 December

Optimism Eases Further as Equity Market Volatility Continues

2018-12-11T14:50:14+00:00 December 11th, 2018|

Overall Index The PNC-CivicScience Investor Sentiment Index (PNC-CS ISI) ticked lower for the second straight month in November. Investor optimism, as measured by the poll, is only slightly above the 2018 low reached in April, and has been trending lower since making a year-to-date peak in September. The November 2018 results reflect renewed concerns regarding the market and the economy, combined persistent uncertainty surrounding global trade, Brexit, the Chinese economy, and falling oil prices. These concerns have been reflected in financial markets. In mid-November, the S&P 500® fell into correction territory (defined as being down 10% or more from a [...]

15 November

ISI October 2018

2018-11-15T20:29:04+00:00 November 15th, 2018|

Overall Index The PNC-CS Investor Sentiment Index (PNC-CS ISI) ticked slightly lower in October after two consecutive months of higher readings. Investor optimism, as measured by the poll, is still easily above the 2018 low reached in April; however, recent momentum slowed as equity markets became more volatile and midterm elections approached. The October 2018 results reflect a generally sanguine outlook regarding the market and the economy, combined with cautious undertones given the myriad uncertainties that must be considered. U.S. real GDP growth remained strong and beat consensus estimates in the third quarter, rising at a 3.5% quarter-over-quarter annual rate. [...]

9 October

Optimism Continues to Increase amid Higher Equity Markets and Trade Progress

2018-10-09T16:15:19+00:00 October 9th, 2018|

Overall Index The PNC-CivicScience Investor Sentiment Index (PNC-CS ISI) ticked higher again in September, reflecting further upward momentum. Investor optimism, as measured by the poll, has reached its highest level since January 2018. After peaking in January at 55.1, sentiment began to fade, falling to a 2018 low of 48.8 in April. Since then, the index has fluctuated within a fairly narrow range, however, the September reading of 52.4 reflects growing optimism after August’s reading of 50.5 was also an increase from the prior month. The September 2018 results reflect a fairly sizable uptick in optimism from poll participants. Trade [...]

11 September

Optimism Steadies After Steady Multi-Month Decline

2018-09-11T14:52:39+00:00 September 11th, 2018|

Overall Index The PNC-CivicScience Investor Sentiment Index (PNC-CS ISI) ticked higher in August, reflecting a stabilization of sentiment after two months of decline. Investor optimism, as measured by the poll, had been steadily rising from September 2017 through January 2018. After peaking in January at 55.1, sentiment began to fade, falling to a 2018 low of 48.8 in April. Since then, the index has fluctuated within a fairly narrow range, with the August reading of 50.5 up slightly from the 49.8 July reading. The August 2018 results reflect a slight uptick in optimism from poll participants. Trade war uncertainties continued [...]

7 August

Optimism Continues to Cool

2018-08-09T15:46:25+00:00 August 7th, 2018|

Overall Index The PNC-CivicScience Investor Sentiment Index (PNC-CS ISI) moderated again in July, reflecting cooler optimism than in June. Investor optimism, as measured by the poll, had been steadily rising from September 2017 through January 2018. After peaking in January at 55.1, sentiment began to fade, and has steadily declined to 49.8 in July. The July 2018 results reflect a slight softening in optimism from poll participants. The PNC-CS ISI moderated to 49.8 in July, from 50.5 in June. Trade war uncertainties continued to drive market volatility after the United States announced the possibility of additional tariffs on Chinese goods. [...]

10 July

Optimism Cools as Temperatures Rise

2018-07-10T17:55:27+00:00 July 10th, 2018|

Overall Index The PNC-CivicScience Investor Sentiment Index (PNC-CS ISI) moderated in June, reflecting cooler optimism than in May. Investor optimism, as measured by the poll, had been steadily rising from September 2017 through January 2018. After peaking in January, sentiment began to fade and declined in each of the next three consecutive months. In May, the poll results rebounded off of April’s low reading, before easing a bit in June. The June 2018 results reflect a slight softening in optimism from poll participants, after May’s sharp rise higher. The ISI moderated to 50.5 in June, from 51.2 for May (Chart 1). [...]

7 June

Optimism Returns

2018-06-07T19:26:29+00:00 June 7th, 2018|

Overall Index The PNC-CivicScience Investor Sentiment Index (PNC-CS ISI) shifted higher in May, reflecting an improvement in investor confidence. Investor optimism, as measured by the poll, had been steadily rising from September 2017 through January 2018. After peaking in January, sentiment began to fade, and declined in each of the next three consecutive months. May’s reading reflects a reversal, with slightly more positive results. May 2018’s poll results reflect a more optimistic view from participants than in the prior two months. The PNC-CS ISI rose to 51.2 in May from 48.8 for April. Considering the financial markets, volatility further eased through much [...]

8 May

Investor Sentiment Continues to Trend Lower

2018-05-12T02:18:47+00:00 May 8th, 2018|

For April 2018 the PNC-CivicScience Investor Sentiment Index (ISI) continues to trend lower, reflecting weakening investor confidence. Investor optimism, as measured by the poll, had been steadily rising from September 2017 through January 2018. After sentiment in January reached the highest level reading since the poll began in November 2016, February’s results reflected a shift in expectations. April’s reading reflects the third consecutive month of softening confidence. U.S. financial markets began 2018 on a strong note after tax reform legislation was passed in late 2017. Volatility returned to the markets in February after an extremely sanguine 2017. A number of [...]

11 April

Investor Sentiment Continues to Soften

2018-05-08T14:59:13+00:00 April 11th, 2018|

Overall Index In March 2018, for the second month in a row, the PNC - CivicScience Investor Sentiment Index (PNC - CivicScience ISI) reflected a softening in confidence. Investor optimism, as measured by the poll, had been steadily rising from September 2017 through January 2018. A sharp turn lower was recorded in last month’s reading, with further easing in March. After sentiment in January reached the highest level reading since the poll began in November 2016, February’s results reflected a shift in expectations. March 2018’s poll results further highlighted a more cautious view, as the PNC - CS ISI declined [...]

13 March

Investor Sentiment Lower

2018-03-13T12:23:55+00:00 March 13th, 2018|

Overall Index The PNC - CivicScience Investor Sentiment Index (ISI) reflected an easing of investor sentiment in February 2018, the first monthly dip since September 2017. Investor sentiment, as measured by the poll, had been on an upward trend for the latter half of 2017 and into 2018. However, February’s poll reflected a slightly lower level of optimism versus January 2018. Sentiment in January reached its highest level since the poll began in November 2016. February 2018’s poll results reflect a pause in optimism as the ISI declined to 52.3 from 55.1 in January. After record low volatility in 2017, [...]