Daily Report : Individual investors won't give up the bearish ghost; Stocks have uncoupled from the dollar

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-06-26 at 17:32:02 CDT

Individuals taking the AAII survey continue to show apathy toward stocks, with the 18th straight week with more bears than bulls. The 16-week average of the Bull Ratio has dropped below 40%, one of the lowest readings since the survey's inception.; During the height of the pandemic panic, stocks and the dollar moved in lockstep. The correlation between them has since broken down and turned to the most negative in years. That has not been a consistent sign of future strength in stocks (or the dollar or gold, for that matter).

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