FYI: After a few very weak days for the stock market’s leaders, individual investor sentiment really headed south this week. According to the weekly sentiment survey from AAII, bullish sentiment dropped more than ten percentage points, falling from 38.7% down to 28.4% in what was the largest one week decline since early March.
As bullish sentiment declined, bearish sentiment surged, rising from 26.2% up to 40.8% in what is only the second week in the last year where bearish sentiment has been above 40%. More importantly, though, it was the largest one week increase in negative sentiment since January 2016, which also happens to be another time when a plunging Chinese stock market was in the headlines.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bearish-sentiment-surges/
