The Fear & Greed Index fell to 24.8, its lowest level since early April, dropping below the 30-point threshold that signals "extreme fear" among investors. The S&P 500 remains just 3.7% below its all‑time high. By contrast, the index was 5.8 on March 30 and fell to 5.2 in November 2024. At the same time, the five‑day average put‑to‑call ratio rose to 0.84, the highest since the second week of April and above levels recorded between July 2025 and January 2026. These figures suggest that market sentiment requires close monitoring.