The AAII Investor Sentiment Survey

The AAII Sentiment Survey offers insight into the opinions of individual investors by asking
them their thoughts on where the market is heading in the next six months and has been
doing so since 1987. This market sentiment data is compiled and depicted below for
individual use.

Investor sentiment is measured with a weekly survey conducted from Thursday at 12:01
a.m. until Wednesday at 11:59 p.m. Tracking sentiment gives investors a forward-looking
perspective of the market instead of relying on historical data, which tends to result in
hindsight bias.

AAII Members can login to vote in the AAII Investor Sentiment Survey today!

What Direction Do AAII Members Feel The Stock Market Will Be In The Next 6
Months?

Sentiment Votes
Week Ending Bullish Neutral Bearish

1/17/2024 40.4% 32.9% 26.8%

1/10/2024 48.6% 27.2% 24.2%

1/3/2024 48.6% 27.9% 23.5%

12/27/2023 46.3% 28.6% 25.1%

Historical View

Historical Averages 37.5% 31.5% 31.0%

1-Year Bullish High: 52.9% Week Ending 12/20/2023

1-Year Neutral High 39.9% Week Ending 2/22/2023

1-Year Bearish High 50.3% Week Ending 11/1/2023

More Historical Sentiment Data

COMMENTARY

JANUARY 11, 2024

AAII Sentiment Survey: Optimism Stays Flat
FREE Weekly AAII Market
Optimism among individual investors about the short-term
outlook for stocks was flat in the latest AAII Sentiment Survey.
Sentiment Email
Meanwhile, pessimism slightly increased. Learn where individual investors think
the market is headed over the next six
months and how these levels may be
Bullish sentiment, expectations that stock prices will rise over used to forecast future market
the next six months, was unchanged at 48.6%. Optimism is still movement.
at an unusually high level. Bullish sentiment is above its
historical average of 37.5% for the 10th consecutive week and
the 11th time in 14 weeks.
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