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.
Optimism among individual investors about the short-term direction of the stock market is at a five-week high. The latest AAII Sentiment Survey also shows declines in the proportion of individual investors describing their short-term outlook as being “neutral” or “bearish.”
Bullish sentiment, expectations that stock prices will rise over the next six months, jumped 8.1 percentage points to 45.0%. Optimism was last higher on November 9, 2017 (45.1%). This is the first time in five weeks that bullish sentiment is above its historical average of 38.5%.
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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 »