AAII Sentiment Survey: Bearish Sentiment Above Average for First Time in 12 Weeks
by AAII Staff | August 24, 2023
Bullish sentiment decreased and is below average for the second consecutive week in the latest AAII Sentiment Survey. Bearish sentiment is above average for the first time in 12 weeks.
Bullish sentiment, expectations that stock prices will rise over the next six months, decreased 3.6 percentage points to 32.3%. Optimism is below its historical average of 37.5% for the second consecutive week.
Neutral sentiment, expectations that stock prices will stay essentially unchanged over the next six months, decreased 2.2 percentage points to 31.8%. Neutral sentiment is below its historical average of 31.5% for the ninth time in 12 weeks.
Bearish sentiment, expectations that stock prices will fall over the next six months, increased 5.8 percentage points to 35.9%. After 11 consecutive weeks of below-average readings, pessimism is above its historical average of 31.0%.
The bull-bear spread (bullish minus bearish sentiment) decreased 9.4 percentage points to –3.7%. This is the second consecutive week that the bull-bear spread is below its historical average of 6.5%.
This week’s special question asked AAII members how they would describe the current economy. Here are the responses:
- Strong: 33.1%
- Mixed with areas of strength and weakness: 43.4%
- Weak: 7.4%
- Not sure/no opinion: 15.3%
Bullish: 32.3%, down 3.6 points
Neutral: 31.8%, down 2.2 points
Bearish: 35.9%, up 5.8 points
Bullish: 37.5%
Neutral: 31.5%
Bearish: 31.0%
See more Sentiment Survey results.
Discussion
KEVIN S from CA posted over 2 years ago:
Great couple weeks to go heavy on shorts. The AI emperor has a very worn thong remaining on. NVDA and LLY are pretty much the markets only support. Both are due for massive falls. Will the balance of equities drop 50'ish percent too? Absolutely -especially when the big banks begin failing too.
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