The latest AAII investor sentiment poll showed some improvement from the past few weeks. The latest percentage of bullish investors was 29% compared with 36% the previous week. Among bearish respondents 39% were bearish compared to last week’s 30%. This marks the first time since May 1 that there have been more bears than bulls.
The increase in bearish sentiment was a welcome change to the relentless bullish predisposition among traders which should serve to keep the market’s “wall of worry” intact through the current volatility phase.