A Powerful Contrarian Indicator Signals Now Is The Time To Sell: Bullishness Among US Individual Investors Hits November 2021 Highs
Portfolio Pulse from Piero Cingari
The latest AAII Sentiment Survey shows bullish sentiment among US individual investors at its highest level since November 2021, with 45.2% expressing optimism for the next six months. Bearish sentiment is at its lowest since July 2021, with only 22.7% expecting a pessimistic outlook. The survey is often used as a contrarian indicator, signaling potential market turning points when sentiment reaches extreme levels.
June 15, 2023 | 9:25 pm
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The AAII Sentiment Survey's high bullish sentiment may signal a potential market turning point, as it has historically demonstrated contrarian superpower during significant market events.
The AAII Sentiment Survey has historically demonstrated contrarian superpower during significant market events, such as the Great Financial Crisis. With the current high bullish sentiment, it may signal a potential market turning point, which could negatively impact the S&P 500 ETF (SPY) in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100