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.
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