Bulls Bag A 5-Peat: Investing Sentiment Mirrors MJ's Glory Days, AAII Survey Reports
Portfolio Pulse from AJ Fabino
The latest American Association of Individual Investors (AAII) Sentiment Survey shows a bullish undercurrent sweeping across the market, with optimism levels hitting their peak for 2023. The survey shows 46.4% of investors predicting rising stock prices over the next six months, a 4.5% jump from the previous week. The AAII's optimistic five-week streak is the longest seen since a similar five-week run in late 2021. The bull-bear spread, indicating the degree of optimism, widened by 7.4% to reach 21.9%, above its historical average of 6.4%.

July 06, 2023 | 7:06 pm
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POSITIVE IMPACT
The bullish sentiment and the widening bull-bear spread could potentially lead to an increase in the price of SPY in the short term.
The AAII Sentiment Survey is a widely followed indicator of investor sentiment. The current bullish sentiment and widening bull-bear spread suggest that investors are optimistic about the future performance of the stock market, which could potentially lead to an increase in the price of SPY.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70