According to the AAII investor sentiment survey, the percentage of bullish investors slipped to 28%. This is a further decline from last week’s reading of 33%. This reading can be seen as a contrarian indicator and may be showing excessive signs of bearishness at the current juncture.
The NYSE is also reporting a 1.13% climb in short interest. As investors become increasingly skeptical of the “green shoots” and economic recovery we are seeing an increasing amount of bearish bets at the NYSE.
![Cullen Roche](https://pragcap.com/wp-content/uploads/2022/01/Headshot2022-1-144x144.png)
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.