Individual Investor bulls tumble, bears jump

Reuters

Individual Investor bulls tumble, bears jump - AAII

2024 7월 26, 오후 4:25 GMT

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Main U.S. equity indexes rally >1%; transports, chips outperform

All S&P 500 sectors green; Industrials out front

Dollar edges red; gold up ~1%; bitcoin up <4%; crude off >1%

U.S. 10-Year Treasury yield falls to ~4.21%

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INDIVIDUAL INVESTOR BULLS TUMBLE, BEARS JUMP - AAII

Optimism among individual investors over the short-term outlook for the U.S. stock market slid in the latest American Association of Individual Investors (AAII) Sentiment Survey. With this, pessimism posted a strong rise, while neutral sentiment also increased.

Meanwhile, a majority of investors surveyed believe the Fed will announce at least one rate cut before year end.

AAII reported that bullish sentiment, or expectations that stock prices will rise over the next six months, tumbled 9.6 percentage points to 43.2%. Bullish sentiment is above its historical average of 37.5% for the 37th time in 38 weeks.

Bearish sentiment, or expectations that stock prices will fall over the next six months, jumped 8.3 percentage points to 31.7%. Bearish sentiment is above its historical average of 31.0% for the first time in seven weeks.

Neutral sentiment, or expectations that stock prices will stay essentially unchanged over the next six months, rose 1.3 percentage points to 25.1%. Neutral sentiment is below its historical average of 31.5% for the 12th time in 19 weeks.

With these changes, the bull-bear spread collapsed 17.9 percentage points to 11.4% from 29.3% last week. The bull-bear spread is above its historical average of 6.5% for the 12th consecutive week.

In this week’s special question, AAII asked its members if they think the Federal Reserve will cut interest rates before the end of the year.

Here is AAII 's graphic showing how they responded:

(Terence Gabriel)

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FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:

FRIDAY DATA OLYMPICS: PCE (ALMOST) STICKS THE LANDING - CLICK HERE

U.S. STOCKS RISE AS INFLATION READ POINTS TO RATE CUTS - CLICK HERE

U.S. STOCK FUTURES PARE GAINS SLIGHTLY AFTER PCE - CLICK HERE

DON'T CALL IT A ROTATION - CLICK HERE

MARKETS REACTING TO RECESSION THAT ISN'T THERE - CLICK HERE

EARNINGS HELP EUROPEAN INDEXES - CLICK HERE

BUSY BUSY - CLICK HERE