A market sentiment stage characterized by cautious optimism and the initial signs of recovery after a prolonged downturn.
The 'hope' phase in market cycles represents an early stage of recovery following a period of significant decline or consolidation. During this phase, investors begin to see nascent signs of potential improvement, fostering a sense of cautious optimism. It is often characterized by a gradual shift in sentiment from widespread pessimism towards a nascent belief that a new upward trend may be forming, even if market participants are still hesitant to fully commit.