AAII Sentiment Survey, 8/28/24
BULLISH remained the top sentiment (51.2%, high) & neutral became the bottom sentiment (21.9%, low); bearish became the middle sentiment (27.0%, below average); Bull-Bear Spread was +24.2% (high). Investor concerns: Elections, budget, inflation, economy, the Fed, dollar, Russia-Ukraine (131+ weeks), Israel-Hamas (46+ weeks), geopolitical. For the Survey week (Th-Wed), stocks mixed (growth down, cyclicals up), bonds down, oil up, gold down, dollar down. NYSE %Above 50-dMA 70.11% (overbought, barely). Stock rally is broadening & equal-weight RSP had a new high. Est PCE +2.6%, core +2.7%. #AAII #Sentiment #Markets
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