Bullish Sentiment Remains Below Average

| About: SPDR S&P (SPY)
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Despite the continued underlying bid in equities, individual investors still can't get over the hump and push bullish sentiment back up above 40%. According to this week's sentiment survey from AAII, bullish sentiment declined slightly, falling from 36.9% down to 35.4%. That makes this the 38th straight week where bullish sentiment has been below 40% and the 72nd time in the last 73 weeks that we have seen sub-40% levels of bullish sentiment.

Bearish sentiment saw a modest uptick this week, rising from 24.4% to 26.7%. With stocks sitting comfortably at all-time highs, the fact that one-quarter of individual investors consider themselves bearish shows a general lack of complacency.