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.
