FYI: AAII released its weekly survey of individual investors today with a sizeable uptick in bullish sentiment. Last week, bulls and bears were dead even at 31.8%, but this week the bullish camp rose to 39.87%. A portion of this boost in optimism likely came from the more dovish and clear tone of the FOMC from their meeting last Wednesday. This week’s reading is now the highest level since the first week of November. Additionally, another sentiment reading we like to look at is the Investors Intelligence survey of newsletter writers which was released yesterday and was similar to the results of the AAII survey with bullish sentiment rising to its highest level since the final week in October.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bears-in-hibernation/AAII Website:
https://www.aaii.com/o/sentimentsurvey
