This past week saw a significant decline in bullish investor sentiment as reported by the American Association of Individual Investors. Bullish sentiment fell over 11 percentage points to 51.6% versus the prior week's reading of 63.3%. The bull/bear spread remained at a fairly wide 31 percentage points. As the market enters a new year, it does appear, from a sentiment perspective, investors are somewhat cautious about the future direction of the market.
|From The Blog of HORAN Capital Advisors|