Bears charge, bulls retreat in AAII's latest sentiment survey
SPY•Bearish sentiment among individual investors rose 6.9 percentage points to 48.4%, while bullish sentiment fell 3.7 points to 34.1%, according to AAII's latest survey. A majority of respondents, 55.5%, said the Federal Reserve was right to leave rates unchanged.
1. Investor sentiment turns bearish
AAII's latest survey found that bearish sentiment rose 6.9 percentage points to 48.4%, above its 31.5% long-term average for the 39th consecutive week. Bullish sentiment fell 3.7 points to 34.1%, below its 37.5% historical average, while neutral sentiment declined 3.2 points to 17.5%. The bull-bear spread narrowed by 10.7 points to -14.3%.
2. Views on Fed decision
Asked about the Federal Reserve's decision to leave its key interest rate unchanged, 55.5% of respondents said it was the right move, 30.7% said rates should have been raised, and 6.6% said they should have been cut. Another 7.3% were unsure or had no opinion.
