For the second week in a row, bullish sentiment reached a new 2014 high in the latest AAII Investor Sentiment Survey. After rising 5.82 percentage points this week, bullishness is the highest it has been since since December 26, 2013 (35 weeks).
The bull/bear spread, which measures the difference between bullish and bearish sentiment, rose to its highest level of 2014 as well to +32.69 percentage points.
Overall, the readings for August 28, 2014, are as follows:
- Bullish: 51.92%, up 5.82 percentage points
- Neutral: 28.85%, down 1.39 percentage points
- Bearish: 19.23%, down 4.42 percentage points
The AAII Sentiment Survey has been conducted weekly since July 1987. We encourage AAII members to participate in this weekly survey in which we ask where they think the stock market is headed over the next six months. The survey period runs from Thursday (12:01 a.m.) to Wednesday (11:59 p.m.).