This…is amazing data, and very bullish: AAII – it’s not just the super-negative readings over the last couple of weeks but the consistency of the negativity over the past few months. It’s been 14/15 weeks w/ more bears! That’s LT bullish. Twelve weeks later $SPX higher 52/54 times, avg gain 8%.
AAII explained: The American Association of Individual Investors (AAII) is an investor education organization. It is a membership-driven nonprofit with local chapters throughout the United States.
Hat tip Rennie Yang/@MarketTells