Sentiment

Data Sources: NAAIM, AAII, Yale School of Management, University of Michigan

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NAAIM Survey

NAAIM Number

Mean sentiment value recorded in NAAIM survey measuring sentiment of active investment managers toward US equities. Sentiment is measured on a scale of -200 to 200. A value of 200 would indicate the highest level of bullishness possible.

AAII Survey

Bull-Bear Spread

The spread between the percentage of investors who are bullish and the percentage who are bearish, as measured from the member responses to the American Association of Individual Investors poll.

Bullish

The percentage of investors who are bullish, as measured from the member responses to the American Association of Individual Investors poll.

Bearish

The percentage of investors who are bearish, as measured from the member responses to the American Association of Individual Investors poll.

Neutral

The percentage of investors who are neutral, as measured from the member responses to the American Association of Individual Investors poll.