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

By: Dr K C Gupta, YBB Personal Finance CONTRARIAN INDICATORS AAII Bull-Bear Spread -21.5% (very low)CNN Fear & Greed Index 54 (neutral)NYSE %Above 50-dMA 68.41% (positive)SP500 %Above 50-dMA 61.40% (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 -10.7% (below average)CNN Fear & Greed Index 53% (neutral)NYSE %Above 50-dMA 70.10% (overbought, barely)SP500 %Above 50-dMA 60.40% (positive) ICI Fund Allocations (Cumulative), 7/31/25OEFs & ETFs: Stocks 61.23%, Hybrids 4.14%, Bonds

By: Dr K C Gupta, YBB Personal Finance SENTIMENTS AAII Bull-Bear Spread -4.8% (below average)$NYA50R, NYSE %Above 50-dMA 71.16% (overbought)$SPXA50R, SP500 %Above 50-dMA 65.20% (positive) ICI Fund Allocations (Cumulative), 7/31/25OEFs & ETFs: Stocks 61.23%, Hybrids 4.14%, Bonds 17.51%, M-Mkt 17.12% INTEREST RATES CME

By: Dr K C Gupta, YBB Personal Finance SENTIMENTS AAII Bull-Bear Spread -14.0% (very low)$NYA50R, NYSE %Above 50-dMA 77.74% (overbought)$SPXA50R, SP500 %Above 50-dMA 72.20% (overbought) ICI Fund Allocations (Cumulative), 6/30/25OEFs & ETFs: Stocks 61.34%, Hybrids 4.14%, Bonds 17.47%, M-Mkt 17.05% INTEREST RATES CME

Dr K C Gupta, YBB Personal Finance SENTIMENTS AAII Bull-Bear Spread -16.3% (very low)$NYA50R, NYSE %Above 50-dMA 63.56% (positive)$SPXA50R, SP500 %Above 50-dMA 59.20% (positive) ICI Fund Allocations (Cumulative), 6/30/25OEFs & ETFs: Stocks 61.34%, Hybrids 4.14%, Bonds 17.47%, M-Mkt 17.05% INTEREST RATES CME FedWatchCycle

By: Dr K C Gupta, YBB Personal FinanceSENTIMENTSAAII Bull-Bear Spread -8.3% (below average)$NYA50R, NYSE %Above 50-dMA 58.23% (positive)$SPXA50R, SP500 %Above 50-dMA 56.80% (positive) ICI Fund Allocations (Cumulative), 6/30/25OEFs & ETFs: Stocks 61.34%, Hybrids 4.14%, Bonds 17.47%, M-Mkt 17.05% INTEREST RATESCME FedWatchCycle peak 5.25-5.50%Current

By: Dr K C Gupta, YBB Personal FinanceSENTIMENTS AAII Bull-Bear Spread +7.3% (above average)$NYA50R, NYSE %Above 50-dMA 51.24% (positive, barely)$SPXA50R, SP500 %Above 50-dMA 49.80% (negative; fast change from overbought) ICI Fund Allocations (Cumulative), 6/30/25OEFs & ETFs: Stocks 61.34%, Hybrids 4.14%, Bonds 17.47%, M-Mkt

By: Dr K C GuptaSENTIMENTSAAII Bull-Bear Spread +2.8% (below average)$NYA50R, NYSE %Above 50-dMA 72.87% (overbought)$SPXA50R, SP500 %Above 50-dMA 73.80% (overbought) ICI Fund Allocations (Cumulative), 5/31/25OEFs & ETFs: Stocks 60.61%, Hybrids 4.16%, Bonds 17.70%, M-Mkt 17.54% INTEREST RATESCycle peak 5.25-5.50%Current 4.25-4.50%FOMC 7/30/25+ holdFOMC 9/17/25+

By: Dr K C Gupta SENTIMENTSAAII Bull-Bear Spread +0.3% (below average)$NYA50R, NYSE %Above 50-dMA 68.44% (positive)$SPXA50R, SP500 %Above 50-dMA 68.00% (positive)Delta MSI 74.0% (overbought) ICI Fund Allocations (Cumulative), 5/31/25OEFs & ETFs: Stocks 60.61%, Hybrids 4.16%, Bonds 17.70%, M-Mkt 17.54% INTEREST RATESCME FedWatchCycle peak

By: Dr K C Gupta, YBB Personal FinanceSENTIMENTSAAII Bull-Bear Spread +5.8% (below average)$NYA50R, NYSE %Above 50-dMA 74.44% (overbought)$SPXA50R, SP500 %Above 50-dMA 68.40% (positive)Delta MSI 77.9% (overbought) ICI Fund Allocations (Cumulative), 5/31/25OEFs & ETFs: Stocks 60.61%, Hybrids 4.16%, Bonds 17.70%, M-Mkt 17.54% INTEREST RATES

By: Dr K C Gupta SENTIMENTSAAII Bull-Bear Spread +11.9% (above average)$NYA50R, NYSE %Above 50-dMA 80.26% (overbought)$SPXA50R, SP500 %Above 50-dMA 79.40% (overbought)Delta MSI 75.5% (overbought) ICI Fund Allocations (Cumulative), 5/31/25OEFs & ETFs: Stocks 60.61%, Hybrids 4.16%, Bonds 17.70%, M-Mkt 17.54% INTEREST RATESCME FedWatchCycle peak

By: Dr K C Gupta SENTIMENTSAAII Bull-Bear Spread -5.2% (below average). (Thursday-Wednesday)$NYA50R, NYSE %Above 50-dMA 72.43% (overbought)$SPXA50R, SP500 %Above 50-dMA 73.00% (overbought)Delta MSI 66.8% (positive)ICI Fund Allocations (Cumulative), 5/31/25OEFs & ETFs: Stocks 60.61%, Hybrids 4.16%, Bonds 17.70%, M-Mkt 17.54% INTEREST RATESCME FedWatchCycle peak

By: Dr K C Gupta, YBB Personal FinanceSENTIMENTSAAII Bull-Bear Spread -8.2% (below average). (Thursday-Wednesday)$NYA50R, NYSE %Above 50-dMA 67.23% (positive)$SPXA50R, SP500 %Above 50-dMA 67.20% (positive)Delta MSI 66.4% (positive)ICI Fund Allocations (Cumulative), 4/30/25OEFs & ETFs: Stocks 59.51%, Hybrids 4.20%, Bonds 18.28%, M-Mkt 18.00% INTEREST RATESCME

By: Dr K C Gupta, YBB Personal Finance SENTIMENTSAAII Bull-Bear Spread +3.1% (below average)$NYA50R, NYSE %Above 50-dMA 68.85% (positive)$SPXA50R, SP500 %Above 50-dMA 72.20% (overbought)Delta MSI 66.2% (positive)ICI Fund Allocations (Cumulative), 4/30/25OEFs & ETFs: Stocks 59.51%, Hybrids 4.20%, Bonds 18.28%, M-Mkt 18.00% INTEREST RATESCME

By: Dr K C Gupta, YBB Personal FinanceSome people hesitate to contribute to IRA, 401k, 403b because they fear that themoney would be locked up until retirement. While the retirement money shouldn’t betapped for ordinary expenses, or kids’ college education, there are ways

By: Dr K C GuptaSENTIMENTS AAII Bull-Bear Spread -9.0% (below average). (Thursday-Wednesday)$NYA50R, NYSE %Above 50-dMA 64.39% (positive)$SPXA50R, SP500 %Above 50-dMA 70.40% (overbought, barely)Delta MSI 57.5% (positive)ICI Fund Allocations (Cumulative), 4/30/25OEFs & ETFs: Stocks 59.51%, Hybrids 4.20%, Bonds 18.28%, M-Mkt 18.00% INTEREST RATESCycle peak