Sentiment should exhibit its strongest effects on asset prices at times when valuations are most subjective. Consistent … ability of sentiment for market returns by two to four times relative to when uncertainty is at its mean. We find similar … evidence for the cross-section of returns; the predictive ability of sentiment for returns of test assets expected to be most …

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them … macroeconomic and financial data. I examine 16 sentiment surveys of distinct respondent universes and employ the technique of … groups to anticipate correctly economic growth and excess stock returns is not identical, implying that not all sentiment is …

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them … macroeconomic and financial data. I examine 16 sentiment surveys of distinct respondent universes and employ the technique of … groups to anticipate correctly economic growth and excess stock returns is not identical, implying that not all sentiment is …

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them … macroeconomic and financial data. I examine 16 sentiment surveys of distinct respondent universes and employ the technique of … groups to anticipate correctly economic growth and excess stock returns is not identical, implying that not all sentiment is …