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Individual Investor bears thinning out - AAII



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Nasdaq modestly green, S&P 500 edges up, Dow slips

Comm Svcs leads S&P 500 sector gainers; Financials weakest group

Euro STOXX 600 index down ~0.7%

Dollar up; crude slips; gold off >1%; bitcoin off >2%

U.S. 10-Year Treasury yield edges up to ~4.27%

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INDIVIDUAL INVESTOR BEARS THINNING OUT - AAII

Pessimism among individual investors over the short-term outlook for the U.S. stock market fell to a 2-1/2 month low in the latest American Association of Individual Investors (AAII) Sentiment Survey. With this, optimism edged lower, while neutral sentiment increased.

Meanwhile, a majority of investors surveyed agreed with the Fed's decision to leave rates unchanged at its June meeting.

AAII reported that bearish sentiment, or expectations that stock prices will fall over the next six months, declined 3.2 percentage points to 22.5% (last lower at 22.2% in early April). Bearish sentiment is below its historical average of 31.0% for the sixth time in 10 weeks.

Bullish sentiment, or expectations that stock prices will rise over the next six months, ticked down 0.2 percentage points to 44.4%. Bullish sentiment is above its historical average of 37.5% for the 32nd time in 33 weeks.

Neutral sentiment, or expectations that stock prices will stay essentially unchanged over the next six months, rose 3.4 percentage points to 33.1%. Neutral sentiment is above its historical average of 31.5% for the sixth time in 14 weeks.

With these changes, the bull-bear spread added 3 percentage points to 21.9% from 18.9% last week. The bull-bear spread is above its historical average of 6.5% for the seventh consecutive week.



In this week’s special question, AAII asked its members what they thought about the Federal Reserve’s decision to leave interest rates unchanged.

Here is how they responded:

It was the right decision: 73.2%

They should have raised rates: 9.9%

They should have cut rates: 9.9%

Not sure/no opinion: 6.7%

(Terence Gabriel)

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