The Most Hated Rally Continues 📈 The Chart Report
Chart of the Day
🏆 Today's Chart of the Day was shared by Bob Sheehan.
The S&P 500 is hitting record highs while the AAII bull-bear spread sits at -11.1%, with bears still outnumbering bulls for the ninth-consecutive week.
Surprisingly, this week is showing an even larger amount of bears compared to last week, even with record momentum from the indices.
Consumer sentiment is also at all-time lows, and these factors combined show that the "wall of worry" remains firmly intact as investors hesitate to fully embrace the rally.
The Takeaway: Despite the historic move off the lows, sentiment still remains far from euphoria.
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