Investor sentiment for the latest week showed an equal amount of bulls and bears for the first time in close to two years (7/31/14), and for both camps the level of conviction is pretty low.  According to the American Association of Individual Investors (AAII), bullish sentiment came in at 27.83%, down from 30.17% last week.  This marks the 32nd straight week where bullish sentiment has been below 40%.  Bearish sentiment saw a similar decline this week, falling from 29.05% last week to 27.83%.  With both bulls and bears declining, neutrals increased back up to 44.34%, which has tended to be the trend with sentiment every time the S&P 500 gets back above 2,100.

AAII Bullish 060916

AAII Bearish 060916

 

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