With the S&P 500 on pace to close lower for the fourth straight day, its no surprise that individual investors turned less bullish this week. As shown in the chart below, the American Association of Individual Investors (AAII) weekly poll of bullish sentiment dropped from 37.9% to 35.46%.
The AAII Investor Sentiment Survey measures the percentage of individual investors who are bullish, bearish, and neutral on the stock market for the next six months; individuals are polled from the ranks of the AAII membership on a weekly basis. Only one vote per member is accepted in each weekly voting period.
American Association of Individual Investors (AAII)
Investors Turn even less Bullish as Stocks Decline (Bespoke)