It’s been a pretty uneventful week in the markets, so not surprisingly, bullish sentiment was little changed as well.  According to the weekly survey from AAII, bullish sentiment increased from 32.27% up to 32.65%, extending the current record streak of weeks below 50% to 129.  More recently, over the last sixteen weeks, there have been only four weeks where more than a third of investors were bullish.

While bulls have been scarce, bears haven’t been running rampant.  In this week’s survey, bearish sentiment was pretty much unchanged at 28.91%.  Believe it or not, this is the third week where bearish sentiment was below 30%, which is the longest streak of the year.  As shown in the chart below, the trend of higher bearish sentiment that began in late 2016 has definitively been broken.

Print Friendly, PDF & Email