Since 1987, AAII members have been answering the same simple question each week:
Do you feel the direction of the market over the next six months will be up (bullish), no change (neutral) or down (bearish)?
The results are compiled into the AAII Investor Sentiment Survey,
which offers insight into the mood of individual investors.
Data represents what direction members feel the
stock market will be in next 6 months.
The AAII Investor Sentiment Survey has become a widely followed measure of the mood of individual investors. The weekly survey results are published in financial publications including Barron's and Bloomberg and are widely followed by market strategists, investment newsletter writers and other financial professionals.
All three indicators in the AAII Sentiment Survey remained close to each other for the second consecutive week. Just 1.4 percentage points separate bullish and bearish sentiment, with neutral sentiment in between the two.
Bullish sentiment, expectations that stock prices will rise over the next six months, rebounded by 0.5 percentage points to 34.2%. The modest increase was not enough to prevent optimism from staying below its historical average of 38.5% for the 25th consecutive week and the 30th time out of the last 31 weeks.
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Learn where individual investors think the market is headed over the next six months and how these levels may be used to forecast future market movement.
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Over the years, AAII analysts have examined the weekly results and have tried to give some perspective to the data. These articles are the results of some of this analysis.Analyzing the AAII Sentiment Survey Without Hindsight »