It's now been 132 weeks it has been since bullish sentiment in the weekly AAII sentiment survey has been above 50 percent, and this week it wasn’t even close. Bullish sentiment declined from its already depressed level of 29.58 percent down to 28.24 percent, its lowest point since the start of June.
But there was really no boost to bearish sentiment either. In this week’s survey, the percentage of bearish respondents declined from 29.86 percent down to 29.63 percent, the sixth straight week where bearish sentiment has been below 30 percent. That’s the longest streak since last August.
That means there are a lot of investors who just can’t make up their minds. The percentage of neutral investors came in at 42.13, the second highest weekly reading in neutral sentiment this year.