Stocks keep going up, but investors are more scared than ever.
According to the American Association of Individual Investors, more than half of individuals are bearish equities over the next 6 months. This has been the case now for 10 consecutive weeks.
This has never happened ever in the history of the survey, which dates back to the 1980s. It didn't happen during the great financial crisis, or the dot-com bubble, or even Covid.
But it's happening now. During a bull market.
Stocks are going up, but investors are scared to death.
Did you see the Barron's cover this morning?
Barron's has been polling big money managers for nearly 30 years. According to their latest poll, Money Managers are the most bearish ever:
Meanwhile, stocks keep going up.
The Technology Index was actually positive for the month of April, contrary to popular belief.
Tech was even the biggest winner!
Look at the S&P500 Technology Index bouncing off support, from former resistance at the prior cycle highs:
And overseas, the strength keeps coming.
The German DAX just closed the week at its highest levels in history.
So did the European Bank ETF:
It's a beautiful thing.
Investors are scared, both individuals and professionals.
But it's a bull market and stocks are going up.
You can't ask for a better combination.
We discussed this all and what we're doing about it this week on our Live Monthly Strategy Session. If you missed it, don’t worry. Click here to watch the full replay.
Heads up:This session is for Premium Members only.
If you're not in yet, this is a great reason to join.
All of the trade ideas from the call are all listed on the Trade Ideas page and Rangefinder App, which comes with your RISK FREE trial to ASC Research.
