By: Dr K C Gupta CONTRARIAN INDICATORS AAII Bull-Bear Spread +13.6% (above average)CNN Fear & Greed Index 58 (greed)NYSE %Above 50-dMA 68.72% (positive)SP500 %Above 50-dMA 66.60% (positive) ICI Fund Allocations (Cumulative), 12/31/25OEFs & ETFs: Stocks 61.36%, Hybrids 4.01%, Bonds 17.32%, M-Mkt 17.31% INTEREST

By: Dr K C Gupta CONTRARIAN INDICATORS AAII Bull-Bear Spread +10.5% (above average)CNN Fear & Greed Index 53 (neutral)NYSE %Above 50-dMA 73.61% (overbought)SP500 %Above 50-dMA 67.40% (positive) ICI Fund Allocations (Cumulative), 11/30/25OEFs & ETFs: Stocks 61.55%, Hybrids 4.05%, Bonds 17.36%, M-Mkt 17.04% INTEREST

By: Dr K C Gupta CONTRARIAN INDICATORS AAII Bull-Bear Spread +21.3% (above average)CNN Fear & Greed Index 62 (greed)NYSE %Above 50-dMA 76.08% (overbought)SP500 %Above 50-dMA 72.00% (overbought) ICI Fund Allocations (Cumulative), 11/30/25OEFs & ETFs: Stocks 61.55%, Hybrids 4.05%, Bonds 17.36%, M-Mkt 17.04% INTEREST

By: Dr K C Gupta CONTRARIAN INDICATORS AAII Bull-Bear Spread +12.5% (above average)CNN Fear & Greed Index 51 (neutral)NYSE %Above 50-dMA 71.65% (overbought)SP500 %Above 50-dMA 72.20% (overbought) ICI Fund Allocations (Cumulative), 11/30/25OEFs & ETFs: Stocks 61.55%, Hybrids 4.05%, Bonds 17.36%, M-Mkt 17.04% INTEREST

By: Dr K C Gupta CONTRARIAN INDICATORS AAII Bull-Bear Spread +15.0% (above average)CNN Fear & Greed Index 45 (neutral-low)NYSE %Above 50-dMA 57.85% (positive)SP500 %Above 50-dMA 59.20% (positive) ICI Fund Allocations (Cumulative), 11/30/25OEFs & ETFs: Stocks 61.55%, Hybrids 4.05%, Bonds 17.36%, M-Mkt 17.04% INTEREST

By: Dr K C GuptaCONTRARIAN INDICATORS AAII Bull-Bear Spread +2.6% (below average)CNN Fear & Greed Index 56 (greed-low)NYSE %Above 50-dMA 58.49% (positive)SP500 %Above 50-dMA 62.60% (positive) ICI Fund Allocations (Cumulative), 10/31/25OEFs & ETFs: Stocks 61.75% (new high), Hybrids 4.05%, Bonds 17.29%, M-Mkt 16.90%

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORS AAII Bull-Bear Spread +10.9% (above average)CNN Fear & Greed Index 45 (neutral-low)NYSE %Above 50-dMA 55.64% (positive)SP500 %Above 50-dMA 57.00% (positive) ICI Fund Allocations (Cumulative), 10/31/25OEFs & ETFs: Stocks 61.75% (new high), Hybrids 4.05%,

By: Dr K C Gupta CONTRARIAN INDICATORS AAII Bull-Bear Spread +14% (above average)CNN Fear & Greed Index 42 (fear-low)NYSE %Above 50-dMA 60.25% (positive)SP500 %Above 50-dMA 59.60% (positive) ICI Fund Allocations (Cumulative), 10/31/25OEFs & ETFs: Stocks 61.75% (new high), Hybrids 4.05%, Bonds 17.29%, M-Mkt

By: Dr K C Gupta CONTRARIAN INDICATORS AAII Bull-Bear Spread +13.5% (above average; big change)CNN Fear & Greed Index 40 (fear)NYSE %Above 50-dMA 54.99% (positive)SP500 %Above 50-dMA 55.00% (positive) ICI Fund Allocations (Cumulative), 10/31/25 OEFs & ETFs: Stocks 61.75% (new high), Hybrids 4.05%,

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORS AAII Bull-Bear Spread -10.7% (below average)CNN Fear & Greed Index 24 (extreme fear, barely)NYSE %Above 50-dMA 55.63% (positive)SP500 %Above 50-dMA 59.20% (positive) ICI Fund Allocations (Cumulative), 10/31/25OEFs & ETFs: Stocks 61.75% (new high),

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORS AAII Bull-Bear Spread -11.0% (below average)CNN Fear & Greed Index 10 (extreme fear)NYSE %Above 50-dMA 37.42% (negative)SP500 %Above 50-dMA 40.80% (negative) ICI Fund Allocations (Cumulative), 9/30/25OEFs & ETFs: Stocks 61.72% (new high), Hybrids

By: Dr K C Gupta, YBB Personal FinanceCONTRARIAN INDICATORS AAII Bull-Bear Spread -17.5% (very low)CNN Fear & Greed Index 22 (extreme fear)NYSE %Above 50-dMA 41.60% (negative)SP500 %Above 50-dMA 43.60% (negative) ICI Fund Allocations (Cumulative), 9/30/25OEFs & ETFs: Stocks 61.72% (new high), Hybrids 4.09%,

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORS AAII Bull-Bear Spread +1.7% (below average)CNN Fear & Greed Index 21 (extreme fear)NYSE %Above 50-dMA 41.74% (negative)SP500 %Above 50-dMA 44.00% (negative) ICI Fund Allocations (Cumulative), 9/30/25OEFs & ETFs: Stocks 61.72% (new high), Hybrids

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORSAAII Bull-Bear Spread +7.1% (above average)CNN Fear & Greed Index 35 (fear)NYSE %Above 50-dMA 39.80% (negative)SP500 %Above 50-dMA 41% (negative) ICI Fund Allocations (Cumulative), 9/30/25OEFs & ETFs: Stocks 61.72% (new high), Hybrids 4.09%, Bonds

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORS AAII Bull-Bear Spread -5.8% (below average)CNN Fear & Greed Index 33 (fear)NYSE %Above 50-dMA 52.79% (positive)?% ()SP500 %Above 50-dMA 53.00% (positive) ICI Fund Allocations (Cumulative), 8/31/25OEFs & ETFs: Stocks 61.38%, Hybrids 4.13%, Bonds

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORS AAII Bull-Bear Spread -12.4% (low; large decline)CNN Fear & Greed Index 27 (fear)NYSE %Above 50-dMA 41.92% (negative)SP500 %Above 50-dMA 45.60% (negative) ICI Fund Allocations (Cumulative), 8/31/25OEFs & ETFs: Stocks 61.38%, Hybrids 4.13%, Bonds

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORS AAII Bull-Bear Spread +10.3% (above average; bipolar)CNN Fear & Greed Index 29 (fear)NYSE %Above 50-dMA 36.01% (negative)SP500 %Above 50-dMA 38.40% (negative) ICI Fund Allocations (Cumulative), 8/31/25OEFs & ETFs: Stocks 61.38%, Hybrids 4.13%, Bonds

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORS AAII Bull-Bear Spread +3.7% (below average; bipolar)CNN Fear & Greed Index 54 (neutral)NYSE %Above 50-dMA 62.27% (positive)SP500 %Above 50-dMA 61.40% (positive) ICI Fund Allocations (Cumulative), 8/31/25OEFs & ETFs: Stocks 61.38%, Hybrids 4.13%, Bonds 17.45%, M-Mkt

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORS AAII Bull-Bear Spread +2.5% (below average; bipolar)CNN Fear & Greed Index 53 (neutral)NYSE %Above 50-dMA 61.70% (positive)SP500 %Above 50-dMA 56.40% (positive) ICI Fund Allocations (Cumulative), 7/31/25OEFs & ETFs: Stocks 61.23%, Hybrids 4.14%, Bonds 17.51%,

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORS AAII Bull-Bear Spread -0.7% (below average; Survey unusually bipolar)CNN Fear & Greed Index 62 (greed)NYSE %Above 50-dMA 65.53% (positive)SP500 %Above 50-dMA 57.40% (positive) ICI Fund Allocations (Cumulative), 7/31/25OEFs & ETFs: Stocks 61.23%, Hybrids