Bears Head To Hibernation Early

Financial Research, Money Management • Oct 10, 2024 at 3:48 PM EDT

While sentiment was more elevated only two weeks ago and was above 50% three weeks ago, this week's reading still indicates a high level of bullish investor sentiment.

The latest sentiment data from the American Association of Individual Investors was published today. The release indicated the percentage of respondents with a bullish outlook for equities over the next six months ticked up to 49% versus 45.5% previously. While sentiment was more elevated only two weeks ago and was above 50% three weeks ago, this week's reading still indicates a high level of bullish investor sentiment.

While bullish sentiment didn't reach any new highs, bearish sentiment earned more of a superlative.As shown below, bears dropped to only 20.6% for the lowest reading since December 14, 2023.

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