Individual Investor bulls "unusually high" - AAII
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INDIVIDUAL INVESTOR BULLS "UNUSUALLY HIGH" - AAII
Optimism among individual investors over the short-term outlook for the U.S. stock market increased in the latest American Association of Individual Investors (AAII) Sentiment Survey. With this, both pessimism and neutral sentiment fell.
Meanwhile, a majority of investors surveyed find it "somewhat concerning" that a small number of stocks are having such a large influence on the S&P 500 index.
AAII reported that bullish sentiment, or expectations that stock prices will rise over the next six months, jumped 7.4 percentage points to 49.2%. Bullish sentiment is "unusually high" and is above its historical average of 37.5% for the 35th time in 36 weeks.
Bearish sentiment, or expectations that stock prices will fall over the next six months, declined 4.4 percentage points to 21.7%. Bearish sentiment is below its historical average of 31.0% for the ninth time in 10 weeks.
Neutral sentiment, or expectations that stock prices will stay essentially unchanged over the next six months, gave back 3.1 percentage points to 29.1%. Neutral sentiment is below its historical average of 31.5% for the 10th time in 17 weeks.
With these changes, the bull-bear spread gained 11.9 percentage points to 27.5% from 15.6% last week. The bull-bear spread is above its historical average of 6.5% for the 10th consecutive week.
In this week’s special question, AAII asked its members if they were concerned about concentration — meaning the influence of a small number of stocks — on the S&P 500 index.
Here is AAII's graphic showing how they responded:
(Terence Gabriel)
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AAII07122024 https://tmsnrt.rs/3VZv8le
AAIISpecQuest07122024B https://tmsnrt.rs/3WkFayA
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