Bulls Set A New High

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Summary

  • Bullish sentiment continued its recent run of increases according to the weekly AAII individual investor sentiment survey.
  • Hitting 33.3% this week, bulls are at the highest level since the last week of 2021.
  • That 2022 is nearly 2/3 complete and we still haven’t seen a bullish reading over 33.3% tells you how negative investors have been this year.

Bull Casting

allanswart

Bullish sentiment continued its recent run of increases according to the weekly AAII individual investor sentiment survey. Hitting 33.3% this week, bulls are at the highest level since the last week of 2021. That 2022 is nearly 2/3 complete and we still haven’t seen a bullish reading over 33.3% tells you how negative investors have been this year.

AAII Bullish Sentiment: 2009-2022

AAII Bullish Sentiment: 2009-2022 (Author)

Bears also ticked up this week reaching 37.2% versus 36.7% last week. While bearish sentiment has only been below 40% for three weeks in a row, that is the longest stretch of sub-40% readings since the start of the year.

AAII Bearish Sentiment: 2009-2022

AAII Bearish Sentiment: 2009-2022 (Author)

With more bears than bulls once again this week, the bull-bear spread has now been negative for 20 straight weeks.

Consecutive Weeks With A Negative Bull-Bear Spread

Consecutive Weeks With A Negative Bull-Bear Spread (Author)

With both bulls and bears higher, neutral sentiment was the only reading to fall this week. Neutral sentiment dropped 1.7 percentage points from 31.2% down to 29.5%. That was only the lowest reading in four weeks as neutral sentiment sits the closest to its historical average of 31.4%.

AAII Neutral Sentiment: 2009-2022

AAII Neutral Sentiment: 2009-2022 (Author)

Original Post

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

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