This week's sentiment survey from the American Association of Individual Investors notes bullish sentiment declined 7.25 percentage points to 44.67%. Two thirds of the decline went into the bearish category while the other one third went into the neutral category. A less volatile measure is the 8-period moving average of the bullish sentiment reading and it rose to 38.3% from last week's 37.4%. The 8-period moving average is not indicating either an overly bullish sentiment or an overly bearish sentiment environment.
 |
| From The Blog of HORAN Capital Advisors |
Data source: AAII
As a point of reference, 2013 saw strong market returns from the S&P 500 Index and sentiment readings at the end of 2012 compared to this latest report are noted below.
 |
| From The Blog of HORAN Capital Advisors |
No comments :
Post a Comment