As we noted last week, Sentiment was pretty neutral as the market tore higher (Sentiment Reading: Neutral).
Have a look at the AAII Asset Allocation Chart is below. It suggests assets are being re-allocated back into equities, however the allocation still remains historically low, which suggests liquidity on the sidelines is still high and can power stocks higher for some times (especially absent a slow offerings calendar).
The second chart, AAII bearish sentiment, which scored a huge contrarian buy signal in early March — as big as the one after the 1987 crash — when it hit 70% of respondents to the survey were bearish. It has since moderated, however, and is not at levels yet that would be deemed a negative for stocks.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.