The latest AAII investor sentiment poll showed some
improvement from the past few weeks. The
latest percentage of bullish investors was 29% compared with 36% the previous
week. Among bearish respondents 39% were
bearish compared to last week’s 30%.
This marks the first time since May 1 that there have been more bears
than bulls.
The increase in bearish sentiment was a welcome change to the
relentless bullish predisposition among traders which should serve to keep the
market’s “wall of worry” intact through the current volatility phase.
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