FYI: With the S&P 500 on pace for its best week since the beginning of 2013, individual investors continue to get more bullish. According to the weekly sentiment survey from the American Association of Individual Investors (AAII), bullish sentiment increased by seven percentage points, rising from 42.7% up to 49.7%. Although it is still slightly below 50%, this week's level is the highest in eight weeks. Perhaps the most notable aspect during this entire period of heightened volatility is the fact that there was only one week during the sell-off where bullish sentiment fell below its bull market average of 38.4%.
Regards,
Ted
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