When it comes to market sentiment, the latest data from AAII shows a picture that is just about as neutral as it gets.  However, given the fact that the S&P 500 and Nasdaq are currently in the middle of seven-day winning streaks, one would expect a little bit more conviction.  As shown in the chart below, bullish sentiment this week came in at 33.09%.  This is the fifth straight week that bullish sentiment has been below 40%, and the 111th straight week that bulls have failed to take a majority, and that makes this the longest sub 50% run in bullish sentiment in the history of the AAII survey.  With bulls not even surpassing the one-third mark this week, the record streak looks set to continue for at least a little while longer.

AAII Bullish Sentiment 021617

Like the bulls, slightly less than a third (32.36%) of investors placed themselves in the bearish camp this week, but with stocks at record highs, you would expect a low level of bearish sentiment.

AAII Bearish Sentiment 021617

Finally, the only category of sentiment that was above one-third this week was neutral sentiment which came in at 34.55%.

AAII Neutral Sentiment 021617

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