Low Investor Bullish Sentiment Positive For Stock Returns?

Today's investor sentiment release by the American Association of Individual Investors shows investor bullish sentiment is at the lowest level since September 22, 2011. The bullish sentiment reading was reported at 27.64% or a 3.5% decline from the prior week. This is the lowest reading since the bullish sentiment reading on 9/22/2011 when bullish sentiment was reported at 25.33%. The bull/bear spread is at -9.8% while it was reported at -22.7 on September 22nd of last year. The investor sentiment reading records investor expectations for the equity markets in the upcoming six months and is considered a contrarian indicator.

From The Blog of HORAN Capital Advisors

Data Source: American Association of Individual Investors.