The NAAIM Exposure Index fell to 65 last week, the lowest since the August 5th market collapse.
This index represents average exposure to US equity markets reported by National Association of Active Investment Managers members.
This also marks its third consecutive weekly decline, marking the largest drop since April 2024.
As the S&P 500 rebounds back above 6,000, we are watching to see if this index follows.
Institutional investors are becoming more cautious in 2025.
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