FYI: As the S&P 500 broke and held above its August range in the past week, sentiment has shifted more positive. The percentage of investors reporting as bullish in AAII's weekly survey rose from 28.64% last week up to 33.13%. That is the highest since August 1st when 38.44% reported bullish sentiment. With two consecutive weeks of improvements, bullish sentiment is now well off of its lows from the second week of August (21.66%) and is back within a normal range relative to its historical average, but is also still below that average of 38.11%. This week marks the sixth straight week with below average bullish sentiment.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/investors-keep-thinking-positive
