AAII survey: Bearish sentiment surges above historical average

|By:, SA News Editor

A contrarian indicator? With equities selling off hard, AAII's sentiment survey for the week ending Jan. 29 shows a 590 bps drop in bullish sentiment to 32.2%, and a 900 bps increase in bearish sentiment to 32.8%. Neutral sentiment is down 310 bps to 35.1%.

Bullish sentiment is now well below a long-term average of 39%, and bearish sentiment moderately above a long-term average of 30.5%.

ETFs: PRF, VV, SCHX, JKD, EQL, EEH, SPXH, TRSK, FSE, PXLC, FSU, FWDD, ALTL