As of April 22, 2026 the NAAIM Exposure Index was 94.15. NAAIM data indicates investment managers are extremely bullish. Previous bullish positions with similar characteristics are shown below.
Dates with comparative NAAIM readings:
January 17, 2018 – 94.09 – quickly followed by a sharp decline
January 8, 2020 – 94.16 – quickly followed by a sharp decline
January 6, 2021 – 94.51 – markets continued to move higher
Note that this information is for educational purposes only and not a recommendation.
Data source: NAAIM Exposure Index
