Even as the overall market rallied in the last week, individual investors rang the register as bullish sentiment declined. According to the American Association of Individual Investors (AAII), bullish sentiment dropped from 30.58% down to 28.66%, which is the lowest reading since late July. You may recall that it was in late July that the most recent leg of the rally kicked off. So even though the S&P 500 is up 100 points since then, sentiment is the exact same. For the sake of reference, the average weekly bullish sentiment reading from this survey going all the way back to 1987 is 38.9.
If you are an investor who is looking for new stock ideas? Each week we publish "the Bespoke 50," a list of our favorite growth stocks in the Russell 3,000. To make the list of 50, a stock must have strong earnings growth prospects along with an attractive price chart based on Bespoke's proprietary fundamental and technical analysis.
The "Bespoke 50" is released on a weekly basis, and in it you'll find the 50 stocks that made the cut, price charts for each of them, and an Excel file that you can download as well.