Market sentiment broadly mixed this week, shows latest AAII survey
Market sentiment among individual investors showed mixed readings this week, according to the latest survey from the American Association of Individual Investors (AAII).
Bullish sentiment declined to 37.4% for the week ended December 24, down from 44.1% a week earlier. At the same time, bearish sentiment edged higher to 34.8%, compared with 33.2% last week.
U.S. stocks traded during a holiday-shortened week, with activity centered around Christmas Eve. Stocks were little changed during the truncated Christmas Eve trading session. Alongside index moves, several sector- and stock-specific stories stood out, with industrials, financials, aerospace and defense, and building-related companies featuring prominently through strong year-to-date performance rankings.
European markets on the other hand, were majorly closed for the Christmas holidays. Asian markets were muted amid thin trading volumes, with investor attention on Japan following a Bank of Japan interest rate increase, marking its second increase this year. In China, the central bank held key lending rates steady. The week also included economic data releases such as GDP updates from Canada, the U.K., and Spain.
According to AAII, neutral sentiment, or expectations that stock prices will stay essentially unchanged over the next six months, rose to 27.8% from 22.7% a week earlier.
The survey has been conducted by the American Association of Individual Investors since 1987, in which it asks respondents for their thoughts on where the market is heading in the next six months.
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