In this week’s AAII sentiment survey, bulls remained out of the majority once again extending the record to 153 straight weeks. This week’s survey showed little change in optimistic sentiment as bulls remained right near 36%. Given some of the weakness and rotation we have seen in recent days and knowing how fickle this group of investors has been, we would have expected the already weak bullish reading to decline, but it managed to hang in there.

Bearish sentiment, meanwhile, ticked a bit higher this week rising from 31.6% up to 34.2%, which is a three-week high.

Finally, neutral sentiment fell back below 30%, falling from 32.4% down to 28.9%. That’s the lowest neutral reading since the first week of November. All in all, there was little in the way of sentiment changes this week.