TheStreet Pro’s Weekly Sentiment Survey, Week 2 Results

Avatar photo Jason Meshnick on June 2, 2026

What a difference a week makes! While our team still sees the market as very risky, at the end of last week, they were overweight stocks but looking to reduce risk.

The big takeaway from that statement is that this is a new survey and it’ll take people a few weeks to settle into a pattern of how they answer. So, expect a little volatility in the results for now, but I think this is already valuable and will become more so in the future. Plus, maybe we’ll learn something about how quickly our team trades. Perhaps I’ll need to come up with a daily survey!

In any case, please enjoy the results of this week’s survey and let me know how I can improve it. Again, once I’ve got more data, the plan is to track the results.

Part 1: TheStreet Pro’s Sentiment Survey Results

Question 1

Direction: Over the next 2-4 weeks, how do you feel about the S&P 500?

Score: 0

Commentary: The team has shifted from slightly bearish last week, to neutral.

Question 2

Positioning: How are you currently positioned?

Score: +3

Commentary: The team is generally pretty bullish with 6 people overweight vs. just 2 that are underweight.

Question 3

Risk: How would you rate overall market risk today?

Score: -8

Commentary: Well, the team may be bulls, they see risk. 8 of the 10 respondents think the market is risky.

Question 4

Opportunity: Is it time to increase or decrease risk levels?

Score: -4

Commentary: Of the 5 who responded to this question, 4 are reducing risk, while 1 is adding risk.

Question 5

Portfolio Activity

Score: -4

Commentary: Only 3 chose to respond to this one. However, all 3 are reducing risk. 2 are rotating into safer sectors, while 1 is reducing exposure to all stocks.

Part 2: Qualitative Questions

What companies will have the biggest impact this week?

Our team is watching the following companies: Broadcom ($AVGO), Lululemon ($LULU), Micron ($MU), Ciena ($CIEN), and… drumroll… SpaceX

What economic data has you most optimistic?

Jobs/Employment, GDP, corporate earnings growth, low consumer sentiment (contrarian), plus an anecdotal rise in animal spirits in investor calls and presentations, which is often a good contrarian signal.

What economic data has you most pessimistic?

Inflation (CPI and PPI), Fed Beige Book, Low savings rate, accelerating job losses (from AI), potential for an increase in geopolitical risk in Iran, and ISM PMI.

What technical indicator has you most optimistic?

The 50 and 200 day moving averages, Small cap price momentum relative to the broader market.

What technical indicator has you most pessimistic?

Money flows, RSI for the S&P 500 and Nasdaq, momentum in interest rates

Avatar photo

Posted by Jason Meshnick

Jason Meshnick, CMT, is the CEO of TheStreet Pro. Jason also started TheStreet's Filthy Rich Animal newsletter for newer investors. If you're not on the list, you can click here to subscribe. Jason has over 30 years of industry experience across Wall Street, Fintech, university-level teaching, and financial journalism. 20 Years in Fintech Before joining TheStreet, Jason spent nearly 20 years in FinTech, developing dynamically generated AI investment analyses. His work was available at Schwab, TD Ameritrade, Fidelity, ETrade, and nearly every major online broker in the US and Canada. However, his real passion arose when he was asked to write a weekly educational investing newsletter for his coworkers. Topics included why vampires are so rich and what car racing can teach you about investing. These have been republished in Filthy Rich Animal. Learning about investing should be fun! Jason created the Fear & Greed Index for CNN Business. Although he jokes that it's his claim to no fame (it's famous, he's not), the model for understanding investor behavior has become incredibly popular and is used by everyone from hedge funds to individual investors. Lecturing at the University Level Teaching his coworkers led to a role at CU Boulder, where Jason taught classes in Investments and Corporate Finance. He's no longer teaching full-semester classes but continues to lecture on technical analysis and other investing topics. 10 Years of Wall Street Trading Experience Jason spent a decade working on Wall Street as a trader and market maker, where he learned all about market microstructure and investor psychology. During his first five years on the Street, he traded mostly closed-end funds and utility stocks. Later, as a market maker, he managed large caps like ExxonMobil, Texas Instruments, Disney, American Express, and Wells Fargo. When Not Thinking About Markets Jason’s other passion is cars. He earned the distinction of being the slowest SCCA road racing champion in recent history when he won his region's Spec Miata class despite having never led a race. Jason knows more about old sports cars than anybody has any right to and is always energized by a drive in his classic Porsche 911. He is Editor-at-Large for Autoblog, and his writing on cars can be found here. Jason is also a passionate skier. He taught skiing at Vermont's Mount Snow for six seasons when he was younger. While Jason lives in Colorado he prefers Utah's fluffier snow. Jason spends his spare time with his wife in Boulder, Colorado, and frequently visits his kids in college.

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