The CNN Fear and Greed Index has fallen to approximately 25, a level it last reached on April 19 and August 5 of the previous year. Both instances preceded substantial rallies in the SPY, with gains of 14.4% and 19.1%, respectively, before a larger market correction. In addition, the American Association of Individual Investors (AAII) sentiment survey for the week ending January 1 showed bullish responses declining to 35.4%, the lowest since April 25, 2024, and only the second reading below 36% since late 2023. The National Association of Active Investment Managers (NAAIM) exposure also dropped to its lowest levels. Furthermore, the Goldman Sachs Volatility Panic Index is nearing 8, indicating a potential volatility spike or a need for market adjustments. Notably, the S&P 500 saw 104 stocks reach a 10-day high on Friday, marking the highest count in over a month.