NAAIM Exposure Index – Investor Sentiment The National Association of Active Investment Managers Exposure Index represents the two-week moving average exposure to U.S. equity markets reported by NAAIM members. The NAAIM Exposure Index stands at 102.93% this week. NAAIM members are very bullish again. Image: National Association of Active Investment Managers (NAAIM)
U.S. AAII Investor Sentiment U.S. AAII investors remain bearish on stocks. Image: BCA Research
Investor Sentiment – NAAIM Exposure Index and S&P 500 NAAIM Exposure Index dropped to 56.15% (median exposure at 70%). NAAIM members’ optimism was short-lived. Image: Willie Delwiche, Baird
AAII U.S. Investor Sentiment Bull vs. AAII U.S. Investor Sentiment Bear Spread The current spread suggests excessive pessimism. Image: Nautilus Research
Weekly AAII Investor Sentiment Survey Bulls push above bears, but when doubt and fear are still present, it does not usually look like a major market top. Image: Reuters
Sentiment Indicator – Investor Equity Positions Investor equity positions are generally not extreme. Image: Goldman Sachs Global Investment Research
AAII Bullish Sentiment Individual investors surveyed by the AAII remain bearish on stocks, despite the market rally. Image: BofA Global Research
Global Equity Market Sentiment Chart suggesting that global investors are still optimistic, as global stock market sentiment remains above its one-year rolling average. Image: Nomura
Sentiment – AAII Bull/Bear Spread and S&P 500 Retail investors remain bearish, despite the market rally. Image: Morgan Stanley Research
Sentiment Indicators Relative to their 10-Year Range Chart suggesting that investor sentiment and positioning look weak overall. Image: Morgan Stanley Research