AAII Sentiment Survey Results – Pessimism Reigns. What to do about it?

The only things that have changed between last week and this week’s AAII sentiment survey report are:

  1.  We have built a sentiment base below 30 read for “bullish sentiment.”
  2.  Bearishness hit an extreme above 40.
  3. The market has been basically flat for 11 trading sessions (we are around same levels as May 13 on the SPX).

Continue reading “AAII Sentiment Survey Results – Pessimism Reigns. What to do about it?”

Be in the know. 10 key reads for Thursday…

  1. Poker-Playing Hedge Fund Managers Have an Edge (Bloomberg)
  2. Anchors From Fox and Chinese State TV Hold Live Debate on Trade (New York Times)
  3. The Race to Replace Larry Fink (Institutional Investor)
  4. Best Selling Country Albums of the Last 10 Years (24/7 Wall Street)
  5. Taking aim at U.S., China says provoking trade disputes is ‘naked economic terrorism’ (Reuters)
  6. The Case for a Biogen Acquisition — and 3 Potential Targets (Barron’s)
  7. Asian Fried Chicken Soars to New Heights (Wall Street Journal)
  8. Blackstone Starts Selling Out of Home-Rental Empire (Wall Street Journal)
  9. The Music Executive Behind the Country-Rap Hit ‘Old Town Road’ (Wall Street Journal)
  10. Why So Many Economic Forecasters Missed the Great Recession (Bloomberg)

China?

Source: Finviz

This is not the price action I would expect to see in Soybeans, Hogs, and Gas given all of negativity today around China.  Is something brewing?