For the week ending on 7/27/22, Sentiment continued to improve: Bearish remained the top sentiment (40.1%; high) & bullish became the bottom sentiment (27.7%; low); neutral became the middle sentiment (32.2%; near average); Bull-Bear Spread was -12.4% (low). Investor concerns included recession; inflation & supply-chain disruptions; the Fed/FOMC (rate raised +75 bps; more hikes to come; QT continues); market volatility (VIX, VXN, MOVE); Russia-Ukraine war (22+ weeks); geopolitical. For the Survey week (Thursday-Wednesday), stocks were up, bonds up, oil down, gold up, dollar down. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/thread/141/aaii-sentiment-survey-weekly?page=7&scrollTo=716
Comments
On June 1, Bear sentiment was at 37% and the Bear - Bull spread was only at 5%. The following week, those readings changed to 47% and 25%, respectively - not sure what the catalyst was but the readings got worse (58%, (3 SD) and 39%, respectively) when the June CPI report was released.