Live Markets: Neutral sentiment rises in latest AAII survey

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06/09/2024 19:16

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    NEUTRAL SENTIMENT RISES IN LATEST AAII SURVEY
    Neutral sentiment among individual investors increased,
while optimism and pessimism decreased, according to the latest
survey from the American Association of Individual Investors.
    Neutral sentiment, or the belief that stock prices will stay
essentially unchanged over the next six months, increased 7.9
percentage points to 29.8%, the weekly survey released Thursday
showed. Neutral sentiment was below its historical average of
31.5% for the ninth consecutive week.
    Bullish sentiment, or the expectation that stock prices will
rise over the next six months, decreased 5.8 percentage points
to 45.3%, above its historical average of 37.5% for the 43rd
time in 44 weeks.
    Bearish sentiment, or the expectation that stock prices will
fall over the next six months, decreased 2.1 percentage points
to 24.9%, below its historical average of 31.0% for the fourth
consecutive week.
    The bull-bear spread (bullish minus bearish sentiment)
decreased 3.8 percentage points to 20.4%, above its historical
average of 6.5% for the 17th time in 18 weeks.
    This week's question given to AAII members was whether they
were postponing any investment moves until after the November
election. 
    Among survey respondents, 60% said no, they are sticking to
their long-term plan; 15.9% said they had no plans to postpone
right now but might change them after election results are
known; 9.6% said yes, they are postponing putting new money to
work; another 9.6% said they had switched to a more conservative
allocation until after the election and 4.1% said they are not
sure.
    
    (Caroline Valetkevitch)
    *****
    
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