AAII Sentiment Survey, 10/4/23
BEARISH remained the top sentiment (41.6%; high) & neutral became the bottom sentiment (28.3%; below average); bullish became the middle sentiment (30.1%; below average); Bull-Bear Spread was -11.5% (low). Investor concerns: Budget; inflation; economy; the Fed; dollar; crypto regulations; market volatility (VIX, VXN, MOVE); Russia-Ukraine war (84+ weeks, 2/24/22-now); geopolitical. For the Survey week (Th-Wed), stocks were mixed (cyclicals down, growth up), bonds down, oil down sharply, gold down, dollar up. Long-term rates rose dramatically with 10-yr & 30-yr yields approaching 5%. More DC drama. #AAII #Sentiment #Markets
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