Retail investors turn bearish despite record stock prices

From Bloomberg:

U.S. equities at a record? Volatility near historic lows? Retail investors are in no rush to celebrate.

At least that’s the sentiment of mom-and pop investors who took part in the latest survey from the American Association of Individual Investors. In a week when the S&P 500 hit a fresh all-time high, more people said they are pessimistic than optimistic on shares.

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While professionals often turn skeptical at market milestones, it’s uncommon to see retail investors tilt bearish when stocks reach records. It happened in 2017 and again for a short time last month.

Continue reading at Bloomberg…

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