Sentiment

AAII survey and the put/call ratio — what the crowd says and what it pays for.

This week, in one read

AAII Bullish Sentiment (Weekly Survey). Bullish sentiment fell 1.8 percentage points to 36.9%. Second week down for a drop of 3.4 percentage points. Lowest level in three weeks. 2% below the historical average.

AAII Neutral Sentiment (Weekly Survey). Neutral sentiment fell 2.4 percentage points to 17.3%. Second week down for a drop of 3.5 percentage points. 45% below the historical average.

AAII Bearish Sentiment (Weekly Survey). Bearish sentiment increased 4.2 percentage points to 45.8%. Second week up for an increase of 6.8 percentage points. Highest level in three weeks. 48% above the historical average.

AAII Bull-Bear Spread. The bull-bear spread fell 6.0 percentage points to -8.9%. Second week down for a drop of 10.2 percentage points. Lowest level in three weeks.

CBOE Total Put/Call Ratio. The put/call ratio at 0.73.