Large Drops in Bearish Sentiment

Talk about hopping on the bandwagon.  In the latest weekly survey of investment advisor sentiment from Investors Intelligence, bears declined by 32% from 23.1% down to 15.7%.  Going back to 1975, there have now been just 16 other periods where bearish sentiment declined by more than 30% in a single week.  Earlier today, we sent out a report to Bespoke Premium clients detailing the S&P 500's average return following similar large drops in bearish sentiment.  Premium members wishing to view today's report can click on the following link: Large Drops in Bearish Sentiment.  If you are not yet a Bespoke Premium subscriber and wish to view today's report, click here to sign up today.