FYI: This week’s sentiment survey from AAII showed an increase in bullish sentiment back near 40% and back near the recent high of 41.29% from mid-September. While 40% is hardly an extreme reading by any stretch of the imagination, this year there have only been four weeks where bullish sentiment actually topped 40%. With 40% being hard enough, an actual majority is a long way off, and that should keep the current streak of 145 straight weeks below 50% safe for the foreseeable future.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bullish-sentiment-approaching-40/
Comments
The 30-year average is 38% or 39% bullish if I recall. Euphoria isn't here yet.