FYI: So far, earnings season has been solid with above-average beat rates, guidance spread, and positive price reaction. This has certainly played a factor in improved sentiment in this week's AAII survey. Bullish sentiment jumped 6.7% to 38.4%. Though it is still within a normal range, the percentage of investors reporting as bullish is now the highest since early May when it rose to over 43%. While earnings have likely positively impacted sentiment, we must also note that due to th
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/bulls-finally-back-above-average
Comments
This is not especially good news.
“We found a negative relationship between the sentiment of each of these three groups and future stock returns, and the relationship is statistically significant for Wall Street strat and individual investors.”
This is a quote extracted from the following reference:
https://www.jstor.org/stable/4480229?seq=1#page_scan_tab_contents
The good news here is that experts are usually wrong. I’m in that very large club too. Regardless, I wish good luck to all! We need it since skill is clearly not enough.
Best Wishes