AAII Sentiment Survey, 7/19/23
Bullish remained the top sentiment (51.4%; high) & bearish remained the bottom sentiment (21.5%; low); neutral remained the middle sentiment (27.1%; below average); Bull-Bear Spread was +29.9% (high; the highest since 4-8-21). Investor concerns: Inflation (moderating but high); economy; the Fed; dollar; crypto regulations; market volatility (VIX, VXN, MOVE); Russia-Ukraine war (73+ weeks, 2/24/22-now); geopolitical. For the Survey week (Th-Wed), stocks were up, bonds up, oil down, gold up, dollar down. This stock rally continues towards new highs. The Fed will hike rates by +25 bps on Wednesday next week. #AAII #Sentiment #Markets
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