AAII Survey: Retail Bullishness Spikes to 2nd Highest Since January
The AAII survey for the week ending June 25 shows 44.9% of individual investors bullish, the second-highest since mid-January. The bull-bear spread turned positive for the first time in six weeks.
The American Association of Individual Investors (AAII) sentiment survey for the week ending June 25 shows a sharp rise in bullishness. 44.9% of respondents expressed a bullish outlook for the next six months, marking the second-highest reading since mid-January.
This represents a 14.5 percentage point surge over the past two weeks — the largest two-week increase since May 2025 and the third-biggest since November 2023. Meanwhile, bearish sentiment fell to 36.1%, the lowest since mid-May.
The bull-bear spread — the difference between bullish and bearish percentages — turned positive for the first time in six weeks, reaching +8.8 percentage points. The data indicates retail investors are turning aggressively bullish again, according to the survey.
Source: The Kobeissi Letter