It was funny, there I was telling people it was a new bull market, because we actually do the work around here, but investors weren't buying it.
In fact, we saw 44 consecutive weeks of more bears than bulls among individual investors. This was an even longer streak than we saw during the Financial crisis. Longer than COVID.
People were really angry.
You can see the AAII Bulls and Bears, along with their consecutive streaks plotted below:
I remember last year getting yelled at and trolled online because I was talking about breadth improvement.
Just because their stupid computers weren't telling them that it was time to buy didn't stop me and my team from simply counting how many stocks were going up vs how many were going down.
Boy did that serve us well as stocks have absolutely ripped higher over the past couple quarters.
We've been in a raging bull market while most investors keep asking me when stocks are going to bottom.
That's how far removed most people are from reality.
In fact, market breadth has improved so much that we're now seeing more stocks making new 52-week highs than we saw at the peak in the S&P500, Dow Jones Industrial Average and Nasdaq back in late 2021.
Yes, more stocks are making new highs today than there were at the "market's highs":