The streak of rotten investor sentiment on the part of individual investors continued this week. According to the weekly survey from AAII, bullish sentiment increased from 23.74% up to 24.75%, so while sentiment improved, more than three-quarters of individual investors do NOT consider themselves to be bullish. This week’s sentiment report also marked another milestone as bullish sentiment was below 40% for the 52nd straight week and the 86th week in the last 87. Or to put another way, since March 2015, bullish sentiment has only been above 40% once.
As bullish sentiment increased slightly, bearish sentiment declined, falling from 37.82% down to 34.07%. At this level, though, bears still comfortably outnumber bulls, which has been the case in eight of the last ten weeks. Like what you see? Sign up for a free trial to Bespoke’s paid research and receive access to everything we have to offer. No credit card is required.