Goldman Sachs proprietary “Panic Index” is near 0 (no one is a bear)

  • GS' proprietary “Panic Index” near 0, suggesting a lack of bearish sentiment in the market

The Goldman Sachs proprietary “Panic Index” is a two year rolling percent measure across four equity vol metrics.

Its sitting basically at zero.

Goldman Sachs Group Inc. Managing Director Scott Rubner wrote in a report:

  • there are “no longer any bears left”
Goldman Sachs panic index 06 December 2023

Add this in also, Goldman's Sentiment Indicator points to stretched positioning in equities:

Goldman Sachs sentiment index stretched 06 December 2023

This from earlier is not something you see at a market bottom either:

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