The NAAIM Exposure Index dropped to 81.07 as Investment Managers increased their short positions. This is similar to their response on August 2, 2023 indicating they were preparing for a decline. It appears the tariff deadline on August 1, 2025 could lead to a short term market decline during the last half of 2025.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of http://StockCharts.com.

