February 20, 2024

Hey, it’s Ross Givens here with the Chart of the Day. Market sentiment, often overlooked, plays a crucial role. The AAII sentiment survey reveals a recent dip in bullish sentiment and a corresponding increase in bearish sentiment. While this signals a potential pullback or pause, it’s crucial to note that absolute bullish sentiment remains higher than late January. This insight sheds light on the market’s likely trajectory—a temporary setback before a stronger breakout. Learn more about the intricate relationship between sentiment and market movements in today’s Insight.