FYI: He’s only been the president-elect for a week, but Donald Trump can already claim victory in terms of market sentiment. After a record 54 weeks where AAII’s weekly bullish sentiment reading was below 40%, this week’s reading, which was the first survey to be fully conducted after the election, surged above 40% for the first time since October 2015. After increasing from 23.6% to 38.9% in last week’s survey, which straddled the election, this week saw another 7.8 percentage point increase to 46.7%. The last time bullish sentiment was this high was all the way back in February 2015! Since the bull market began in 2009, there have only been two other periods where bullish sentiment saw a larger two week increase than the last two weeks.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bulls-break-out/
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Nick de Peyster
http://undervaluedstocks.info/