One week after the S&P 500 closed at a new bull market high, individual investors are growing a little more cautious. According to the weekly survey from the American Association of Individual Investors (AAII), bullish sentiment fell from 45.42% down to 38.9%. It really says something about sentiment that with the S&P 500 trading near all-time highs, only a little more than a third of individual investors are currently bullish. That said, they have been pretty accurate forecasters of prior market declines we have seen over the last two years.
Source: Bulls Run From The Highs