SentmenTrader/Jason Goepfert/12-28-2021
“Not only is it unusual to see this behavior when the S&P 500 is holding near all-time highs, but even crabby people tend to turn more optimistic during the holidays. Not this year – this is only the 2nd year time the inception of the AAII survey that the Bull Ratio was negative for the first 4 weeks of December. Returns after similar behavior were mostly positive.”
USAGOLD note: Another indication of the peculiar market action these days – and, as Jason Goepfert shows, it’s not in just the gold and silver markets.
Bull Ratio
(American Association of Individual Investors)
Black = S&P 500 Blue + AAII Bull Ratio (last = 46.6)
