Sentiment levels were mixed this week with a move higher in the Investor’s Intelligence survey and a decline in the AAII small investor survey. AAII bullishness declined to 48.2% from last week’s reading of 51.2%. Last week’s reading was the highest level of bullishness since March of 2008 near the market peak. Investor’s Intelligence bullishness rose a bit this week to 46.7% – a moderately high level.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.