FYI: As the S&P 500 has pulled off of its record highs in the past week, investors have been more hesitant to label themselves as bulls. This week's survey of individual investor sentiment from AAII saw 34.24% of investors responding as bullish compared to 40.72% last week. This was the biggest one week decline since an 8 percentage point drop in the first week of October. After spending two weeks above it, this decline has also brought bullish sentiment back below its historical average. Additionally, this is the first time in two weeks that bullish sentiment was not the predominant sentiment level. Despite this, the bull-bear spread is still in favor of bulls by 5.21 percentage points as has been the case for the past six weeks.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/bulls-no-longer-in-charge
