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Investors’ Intelligence poll shows rise in bullish sentiment
Last Friday’s Investors Intelligence poll shows financial advisors had a rise in bullish sentiment. There was a rise of 3.2%, from 34.0% to 37.2%, in financial advisors who were bullish. The bearish sentiment did not change from 26.6%. Financial advisors that are expecting a market correction fell 0.2%, from 36.4% to 36.2%. As of Tuesday, 28.4% New York Stock Exchange equities were above 10-week moving averages and 34.26% of the stocks were above 30-week moving averages.
For more information and statistics, see this Wall Street Journal article.