A Dearth of Bulls

by: Bespoke Investment Group

The S&P 500 closed at a new bull market high yesterday, but based on the most recent bullish sentiment reading from the American Association of Individual Investors (AAII) you would not know it. In the last week, bullish sentiment did increase, but at a current level of 37.90% sentiment is hardly ebullient.

Click to enlarge
(Click to enlarge)