Bulls in Full Retreat - Advisors in Panic Mode

JC Parets
December 9, 2021

Are you watching this?

We're seeing the fewest amount of bullish financial advisors since April of 2020, when things were as bad as it gets.

Now here we are just a few pennies from new all-time highs in the S&P500, and the bulls are in full retreat.

Panic mode has set in:

In this chart you can see the bull-bear spread completely collapsing.

And remember this data represents the Advisory Services. Keep in mind that last week we highlighted what was going on among individual investors - the most amount of bears in over a year!

This summer, Sentiment was a headwind, which we discussed at length.

Based on the weight of the evidence, Sentiment is now much more of a tailwind for higher stock prices.

Do stocks usually fall hard when individual investors and financial advisors are prepared for that?

No. Definitely not.

I think we need to be buying stocks.

What are you seeing out there?

Let us know!

JC

 

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