The Strategist
The Strategist

US retail investor pessimism hits 9-month high



08/09/2024 - 03:11



A survey by the American Association of Individual Investors (AAII) shows that U.S. retail investors are feeling more pessimistic about the stock market, reaching the highest level in nine months following the stock market crash on August 5, reports MarketWatch.



rawpixel.com
rawpixel.com
37.5% of respondents are now "bears," anticipating a decrease in stock prices in the next six months, compared to 25% the previous week. MarketWatch notes that it is the largest jump seen since November 2022.

The usual average is about 31%, reaching a high of 50.3% in November.

The current bull market percentage is 40.5%, down from 44.9% last week. The percentage of respondents with a neutral view of the country's stock market outlook decreased from 29.9% to 22%.

AAII has been computing the metric since 1987.

source: bloomberg.com