– Market Risk Index climbs for 9th straight week, as investor psychology reaches a new cycle high and the highest reading since October 2000.
– The average valuation metric that we track has now climbed to 2.1 times its long term average.
– Analyst enthusiasm is running hot again.
– Equity put/call ratio at 15yr lows.
![Market Outlook – Psychology reaches new cycle extreme](https://www.cypresscapital.com/wp-content/uploads/Research/Reports/20200117-Cypress-Market-Outlook-pdf.png)