FYI: This shouldn’t come as a surprise to anyone, but as the market has come under selling pressure in the last several days, bullish sentiment on the part of individual investors has declined. According to the weekly AAII survey, bullish sentiment declined to 25.71% from 28.97%. That’s the lowest weekly print since the election and a record 120th straight week of sub-50% readings. Looking at the chart below, bullish sentiment has clearly broken its string of higher highs that had been in place since mid-2016.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bulls-break-down-again/
