Each week we check the American Association of Individual Investors sentiment survey. This week, only 22.7 percent of respondents were “bearish.”
It was the lowest negative reading since January 2. It’s also noteworthy that CNN’s Fear and Greed index remains in “extreme greed” territory, versus “fear” one month ago.
Finally, the VIX closed last Friday at its lowest level (20.8 percent) since the pandemic began. However it’s still above the 15 percent average in the pre-Covid days.