AAII Sees Bulls Fall Further Under Bears:
American Association of Individual Investors (AAII), a retail focused weekly investor survey, moves more bearish:
AAII Bulls (those who see higher stock prices in 6 mths, blue line) eased to 36.9% from 38.7% the prior week (still though above the 28.8% five weeks ago, which was the least since September 2025), and falling back below the long-term historic average of 37.5% after two weeks above.
Bulls also remained below the level of the Bears (who see lower stock prices in 6 mths, red line), as the Bears rose to 45.8% from 41.6% the prior week (still though below the 53.3% five weeks ago, the highest since May 2025). That leaves Bulls above Bears just twice in the last 14 weeks. Bears also remain above the long-term average of 31.0% for a 36th straight week (and they’ve only been below it 9 weeks since Dec 12, 2024).
The Neutral camp (yellow line) dropped to 17.3%, the least since early early April, from 19.7%. It remains under the long-run average of 31.5% and has been over that only twice since July 2024.
Here are a few more charts from Helene Meisler’s X feed
