Bullish Sentiment Slides in Latest AAII Poll
Bullish sentiment among investors fell sharply during the week ended Wednesday, according to the most recent weekly online survey of members of the American Association of Individual Investors , hitting the lowest level in more than two years.
The weekly poll of AAII members aims to measure the portion of individual investors who are bullish, bearish and neutral on the stock market for the coming six months.
In the latest AAII poll, bullish sentiment decreased to 20.04%--the lowest level since April 2013 -- from 27.34% a week earlier. Bearish sentiment rose to 32.58%--the highest level in nine months--from 24.63% the previous week.
The percentage of investors who described themselves as neutral on the stock market eased to 47.38% from 48.03%, according to the poll.
Last Friday's jobs report for May showed the economy is gaining momentum and offered further support for the Federal Reserve's first interest-rate increase in nearly a decade. That would crimp the low interest rate environment that has been a boon to so many companies.
The drop in optimism also comes as stocks have become expensive after years of surging market growth.
On Wednesday, the Dow Jones Industrial Average rose 236.36 points, or 1.3%, to 18000.40. It was the biggest one-day percent and point gain for the blue chips since May 8 .
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
06-11-15 0939ET
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The greatest deception men suffer is from their own opinions.
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