Correlation Between AAII Bull-Bear Spread and S&P 500 Returns The AAII bull-bear spread may not necessarily be a reliable predictor of future S&P 500 returns. Image: BofA US Equity & Quant Strategy
Combined AAII & II Sentiment Investor sentiment (AAII and II) is currently far from extremely bearish. Image: Topdown Charts
AAII U.S. Investor Sentiment Bull – Bear Spread The AAII U.S. investor sentiment bull – bear spread has turned negative, Image: The Daily Shot
AAII Investor Sentiment: % Bullish – % Bearish U.S. retail investors are feeling less optimistic. Image: Goldman Sachs Global Investment Research
AAII Cash Allocations High levels of cash allocations by AAII members can be a good contrarian indicator. Image: Topdown Charts
S&P 500 After AAII Bulls > 50% After More Than One Year Below AAII bulls over 50% for the first time in a year is typically viewed as bullish. Image: Carson Investment Research
AAII Total Stock Allocation vs. FMS Net % Overwieght Equities Asset allocators are cautious and still underweight equities. Image: BofA Global Investment Strategy
AAII Investor Sentiment Bull Minus Bear Spread The AAII investor sentiment bull minus bear spread is in the 78th percentile. Image: Deutsche Bank Asset Allocation
AAII Bullish Sentiment Individual investor sentiment must improve significantly if the current uptrend in U.S. stock prices is more than just a typical bear market rally. Image: BofA Global Research
AAII U.S. Investor Sentiment Bearish Readings Individual investors remain very pessimistic about stocks. Image: The Daily Shot