The weekly AAII sentiment survey hit 51.2% bullish, the highest mark this year. Bearish sentiment was 21.6%, the lowest mark this year. The bull-bear spread was 29.6%, the highest since October 11, 2007, right before the T12 price peak.
In the last several years, treasury bond yields generally move with the stock market. When they don't, I get suspicious. In the last hour, yields have trended down and the stock market has begun to follow.
It all seems to be lining up.
ReplyDeleteStill a couple weeks available on the timing.
Market so far today behaving very sheepish. Interesting to watch. And bonds doing better again today. Parker any thoughts on bonds?
ReplyDeletehannah
ReplyDeleteIn the last several years, treasury bond yields generally move with the stock market. When they don't, I get suspicious. In the last hour, yields have trended down and the stock market has begun to follow.
Hi, Parker,
ReplyDeleteWhere do you get the AAII number? Do you have to subscribe something?
Thanks a lot!
No need to subscribe to see the results. But you must be a member to vote in the survey.
ReplyDeleteHere's the main sentiment survey results page:
http://www.aaii.com/sentimentsurvey
Down at the bottom, there are a couple of links to historical survey results.