S&P 500 DeMark Sentiment Index — 2025-11-28

The US Equity Market currently exhibits a neutral sentiment (44.3/100), suggesting a period of indecision among investors. Sector performance reveals a notable divergence. Health Care stands out as a leading sector, reflecting strong positive sentiment. Industrials and Communication Services show moderate positive sentiment. Utilities, Financials and Real Estate show relatively neutral sentiment. Meanwhile, Consumer Staples, Consumer Discretionary, and Materials are lagging, indicating weaker confidence in these areas. Historically, such a neutral sentiment in the S&P 500 has been followed by median forward returns of 0.8% over one month, 2.8% over three months, and 4.2% over six months. The hit ratios (percentage of positive returns) are 60.5%, 70.2%, and 79.6% for the same timeframes, respectively, suggesting a cautiously optimistic outlook.