Investors and advisors have pared back their bullish sentiment in the last week. As Mark Hulbert notes, advisors have decreased their bullishness by 25% since early June. We are also seeing a steep decline in the AAII investor sentiment poll with a sharp decline from 38% to 28%. I agree with Hulbert’s analysis below. Sentiment no longer favors one specific side of the trade. Thus validating my current neutral stance.
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.