FYI: Tariff headlines have taken a front seat in the past couple of weeks leading stocks to see their worst declines of the year. Not surprisingly, sentiment has begun to reflect price action. One week after coming in at its highest level since October (around the time the S&P 500 hit its previous all-time high), bullish sentiment has fallen off of a cliff this week to 29.82% versus 43.12% last week. From a historical perspective, this is not at any kind of extreme, but it did bring optimism to its lowest level of 2019 and by a pretty wide margin at that. Additionally, this was the largest drop in bullish sentiment since December 13th of last year when it fell 17.04% in a week
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/back-to-bearishAAII Website Investor Sentiment Survey:
https://www.aaii.com/o/sentimentsurvey
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