AAII: bears are up & bulls plummet to their lowest level since 1992.
Still just one week this year when bulls > bears.
Individual investors are pretty frustrated with this market. pic.twitter.com/9HRqW6KvtZ
— Willie Delwiche, CMT, CFA (@WillieDelwiche) April 14, 2022
Today’s Chart of the Day was shared by Willie Delwiche (@WillieDelwiche). This week’s AAII Sentiment Survey results showed only 16% of respondents are bullish on the Stock Market. That’s the lowest percentage of bulls in nearly 30 years! In a comment to The Chart Report, Willie said, “Sentiment is contrarian in nature, especially at extremes, and this is certainly an extreme. However, it’s important to view sentiment as more of a condition underlying the market, rather than a catalyst for a move.”