FYI: Last week, investor sentiment took an overwhelmingly bearish tone following steep market declines on the FOMC’s rate decision, Fed Chair Powell’s ill-received presser, and a remarkably bad Christmas Eve trading session. This week, bulls came back albeit quietly. The rally that equities have seen in the days coming back from Christmas has helped to only slightly lift bullish sentiment. This week’s AAII survey of individual investors saw bullish sentiment rise to 33.02% from 31.55% last week. Still fairly low compared to where it had been most of 2018, bullish sentiment is now well off of lows from early December.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bulls-come-crawling-back/
