Bears Head To Hibernation Early
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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Disclaimer: Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any ...
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