Optimism Persists As Investor Fears Fade

by | Mar 14, 2024

It takes bulls to have a bull market and right now the crowd continues to embrace stocks.

What: AAII bulls have exceeded bears for 19 weeks in a row, one of the longest streaks of sustained optimism in recent years.

So what: This optimism follows an unprecedented stretch of persistent pessimism. Stocks have tended to flourish when persistent pessimism fades. Right now broad strength provides an additional tailwind.

Now what: The weight of the evidence tilts toward Opportunity, our Fear or Strength Model is positive and we remain in a risk on environment. Read more about the interplay between sentiment and breadth and how are using that to navigate the market in our ETF portfolios.

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