Here is the statistic I discussed from Goldman Sachs research at the 9:40 mark: “AAII bull reading printed just 22.15% last week, its 4th straight lower reading and third week in a row below 25% – below 25% for 3+ weeks, there has been outperformance for SPX over the next 3, 6 & 12 months and not just outperformance but SPX hasn’t ever been lower.”
