First it was the strategists lowering their recommended equity allocation down to the lowest levels since March 2009. Now, individual investors are at their most bearish levels in nearly two years. According to the weekly survey of individual investor sentiment from the American Association of Individual Investors (AAII), bullish sentiment came in at it 23.6%, which is the lowest weekly reading since August 2010.
Earlier today we sent out a report to Bespoke Premium clients analyzing the performance of the S&P 500 following varying levels of bullish sentiment in the weekly AAII survey. The time frames we outlined in the report looked at the S&P 500's performance one week, one month, three months, and six months after various readings. Clients that wish to view the report can click on the link below. If you are not currently a client and wish to subscribe, sign up for Bespoke Premium today!
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