Sentiment Takes a Huge Swing
Bespoke Investment Group featured the latest AAII investor sentiment reading recently.
According to the survey, bullish sentiment increased to 50.89% which is the second highest reading in two years. Three weeks ago, investors hated equities and bullish sentiment hit it second lowest reading in the last two years. Today, they can’t get enough of them. It’s amazing what a few up days can do for market sentiment.
The graph posted at the source below shows the huge turnabout in sentiment. Traders should probably think about lightening up on equities at least a little given this contrary indicator.
Source: Bespoke Investment Group
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