FYI: As the S&P 500 has stalled out near late 2018 highs, sentiment readings have moved pretty much in line with what could be expected. Bullish sentiment has fallen off of its multi-month high of 41.63% reached last week. This week, bullish sentiment as seen through the AAII individual investor survey came in at 37.39%. This drop is nothing too dramatic as it brings the percentage of optimistic investors just below the historical average of the survey of 38.5%. It is also still near the upper end of the range it has been in for the past year.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/individual-investors-reach-resistance/
