After two straight weeks where individual investor sentiment saw some improvement, this week’s survey from AAII showed that individual investors returned to their bearish ways. In last week’s survey, bullish sentiment reached as high as 35.28% (which is still low by historical norms), but this week nearly all of the last two weeks of improved sentiment was erased as bullish sentiment barely held on to 30%, falling just over five percentage points to 30.22%. For those keeping score at home, it has now been 117 weeks since more than half of individual investors were in the bullish camp.
On the other side of the ledger, bearish sentiment ticked higher this week, rising from 30.5% up to 37.4%. In the last two weeks, we had seen some moderating in the bearish tone of individual investors, but it looks like they are getting right back to their bearish ways.