FYI: In the weekly AAII investor survey, bullish sentiment is the predominant sentiment reading for the first time since early May. Rising for the sixth week in a row, bullish sentiment now rests at 35.93%; the highest since May 9th when it was 43.12%. Bullish sentiment has slowly recovered following May's retracement even as the major indices reached new all-time highs. Given this, bullish sentiment is still within a normal range and by no means is overly extended. At 35.93%, it remains below the historical average of 38.16% as it has for ten straight weeks now. That is the longest such streak of below-average readings since a 12-week streak ending in May of last year.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/aaii-just-fine-as-investors-intelligence-gets-extended
