ACTV - Bears Come Out Of Hibernation

2024-04-25 20:10:00 ET

Summary

• This week's AAII Sentiment Survey saw only 32.1% of respondents report as bullish, the lowest percentage since 11/2/23.
• Given the drop in bulls, bears have picked up to 34%. However, that reading was little changed week-over-week, with a modest 0.1 percentage point increase.
• Although the increase in bearish sentiment has been less pronounced, the inverse moves with bullish sentiment have been enough to push the bull-bear spread into negative territory for the first time since 11/3.

The S&P 500 may have rebounded since this time last week, but sentiment has continued its slide. This week's AAII Sentiment Survey saw only 32.1% of respondents report as bullish, the lowest percentage since 11/2/23....

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