FYI: As the market’s rally has lost steam in the past two weeks, bulls are rushing for the exits. After a six-point decline in bullish sentiment last week, this week’s sentiment survey from AAII showed another five point decline, falling from 27.37% down to 22.33%. Believe it or not, this week’s bullish reading is the lowest since 2/11 – the day of the low for the year when the S&P 500 was 11% lower than it is now! This is now the 27th straight week that bullish sentiment has been below 40% and the 61st week in the last 62.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/investors-exercising-caution/AAII Investors Sentiment Survey:
http://www.aaii.com/sentimentsurvey
