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