Bullish sentiment among individual investors ticked up 5.8 percentage points this week to 51.92% according to the American Association of Individual Investors. Over the last three weeks, AAII bullish sentiment has ticked up more than 20 points from its level of 30.89% on August 7th. This is the highest bullish sentiment reading we've seen all year, and it's the first time it has been above the 50% mark since 12/26/13.
As you can see in the chart below, readings above 50% have been relatively rare throughout this bull market. But what do high readings mean for the market going forward? Sign up for a 5-day free trial to our Bespoke Premium service to see a just-published report covering this topic. Right now we're offering an "end of summer" special that gives you 10% off the life of your membership!