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Fewer Bulls Than Bears

This week's latest sentiment survey from the American Association of Individual Investors (AAII) showed relatively little changes in bullish and bearish sentiment compared to last week.  Over the last week, bullish sentiment declined from 29.77% down to 28.34%, while bearish sentiment also declined from 29.45% down to 28.7%.  Even though both bullish and bearish sentiment showed little in the way of change over the last week, what is notable is that bearish sentiment is now greater than bullish sentiment.  This comes as the S&P 500 is just points from making an all-time high.

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