FYI: Did individual investors not get the memo that the S&P 500 is up 2% in the last week? Normally, when stock prices rise, investor sentiment follows suit. However, in this week’s survey of investor sentiment from AAII, bullish sentiment actually declined from 32.19% down to 27.85%. That now makes it 24 straight weeks where bullish sentiment has been below 40%. Furthermore, in the last 59 weeks, there has only been one week where bullish sentiment went above 40%. At these levels, it’s quite the reach to call sentiment overly optimistic.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bullish-sentiment-declines-2/AAII Website: Investor Sentiment Survey:
http://www.aaii.com/sentimentsurvey
