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allanswart
Bullish sentiment continued its recent run of increases according to the weekly AAII individual investor sentiment survey. Hitting 33.3% this week, bulls are at the highest level since the last week of 2021. That 2022 is nearly 2/3 complete and we still haven’t seen a bullish reading over 33.3% tells you how negative investors have been this year.
AAII Bullish Sentiment: 2009-2022 (Author)
Bears also ticked up this week reaching 37.2% versus 36.7% last week. While bearish sentiment has only been below 40% for three weeks in a row, that is the longest stretch of sub-40% readings since the start of the year.
AAII Bearish Sentiment: 2009-2022 (Author)
With more bears than bulls once again this week, the bull-bear spread has now been negative for 20 straight weeks.
Consecutive Weeks With A Negative Bull-Bear Spread (Author)
With both bulls and bears higher, neutral sentiment was the only reading to fall this week. Neutral sentiment dropped 1.7 percentage points from 31.2% down to 29.5%. That was only the lowest reading in four weeks as neutral sentiment sits the closest to its historical average of 31.4%.
AAII Neutral Sentiment: 2009-2022 (Author)
Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.
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Image and article originally from seekingalpha.com. Read the original article here.