Some Good News Regarding Investor Sentiment

Stocks continue to make new highs, and yet… there has been a bit of a pullback in sentiment.

PragCap charts the latest AAII, and finds that we’re no longer in the extreme bullishness territory.

Some will argue that’s good, since you need sceptics to go higher. On the other hand, high levels of bullishness haven’t hurt the market, so who knows.

chart

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