This week's AAII Investor Sentiment (asks of one's market view over the next six months) is out and still in the bullish camp. Those answering bullish dropped 2.8% this week to a still above average 46.6%. Those answering bearish dropped 1.3% this week to a still below average of 25.6%.
The SPX continues to ignore prior correlations and the AAII sentiment data is yet another. The charts below speak for themselves as the divergence over the past few months continues to grow new levels.
The SPX continues to ignore prior correlations and the AAII sentiment data is yet another. The charts below speak for themselves as the divergence over the past few months continues to grow new levels.
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