FYI: Once again this week, the latest sentiment survey from the American Association of Individual Investors (AAII) showed that investors want nothing to do with this market. In the latest week, where the S&P 500 came within 1% from its closing high, bullish sentiment is just barely hanging on to the 20% level. As shown in the chart below, in this week’s survey bullish sentiment dropped from 22.33% down to 20.41%. Once again, that’s the lowest weekly reading since February 11th when the S&P 500 was over 10% lower. This week’s reading also marks the 28th straight week and the 62nd week in the last 63 where bullish sentiment was below 40%.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bullish-sentiment-declines-again/AAII Website: Investor Sentiment Survey:
http://www.aaii.com/sentimentsurvey
