FYI: As equities continue to levitate at or near all-time highs, bullish sentiment also ticked higher this week but still remains below 40% as it has for 42 straight weeks now. According to the American Association of Individual Investors (AAII), bullish sentiment increased from 31.29% up to 35.56% this week. That’s the highest level since mid-July and the biggest weekly increase in a month. Looking at the chart below, since late 2015, bullish sentiment has made a series of lower highs and lower lows, but if the current upswing holds on, that trend could break next week. The level to beat is 36.9%, and if that happens, the 40% level may just come into play. Wouldn’t that be
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bullish-sentiment-still-below-40/
