AAII Sentiment Survey, 7/26/23
Bullish remained the top sentiment (44.8%; above average) & bearish remained the bottom sentiment (20.7%; low); neutral remained the middle sentiment (31.0%; average); Bull-Bear Spread was +20.7% (above average). Investor concerns: Inflation (still high); economy; the Fed (rate hiked by +25 bps); dollar; crypto regulations; market volatility (VIX, VXN, MOVE); Russia-Ukraine war (74+ weeks, 2/24/22-now); geopolitical. For the Survey week (Th-Wed), stocks were mixed (growth down, cyclicals up), bonds down, oil up, gold down, dollar up. Fed rate cuts may be in 2024. Fed staff sees only soft landing, not recession. #AAII #Sentiment #Markets
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