Published by Jason Goepfert
Newsletters Give Up. There are a few go-to indicators that casual observers tend to gravitate to when discussing “sentiment.” One of those is the survey of newsletter writers by Investor’s Intelligence.
Despite the tumult in markets in recent weeks, the survey hadn’t shown much give-up, which changed this past week. For the first time in well over a year, the Bull Ratio (Bulls / (Bulls + Bears)) dropped below 50%. This means that more of them expect stocks to decline than rally in the months ahead.
This ends one of the longer streaks of bullishness in the survey’s history.