FYI: In normal times a bullish sentiment reading of 40% wouldn’t be much of a big deal, but given the state of sentiment over the last several years, 40% is now considered an accomplishment. In this week’s sentiment survey from AAII, bullish sentiment increased 1.7 percentage points up to 39.6%. That represents a five-week high, but also a record 147 straight weeks where bulls have failed to be in the majority.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bullish-sentiment-approaches-40/
Comments
AAII sentiment has not been accurate in showing oversold conditions.