The Weekly Update 6/5/2026™

Wow…Read ‘em and Reap:

Last week's latest AAII sentiment data is in the graphic above from AAII. Still more bears (negative outlook) than bulls (positive outlook) - on the week that marked the 21st new all-time high of 2026, alone. 

The last four decades of AAII data, in eight week moving average format is below.  Note their story is the same.

The AAII sentiment data has been collected since the latter half of the 80’s.

Note the story from the second graphic above covering the big picture and the long path up the mountain. Sitting down?

At point 1 (04/1989):

The S&P 500 was 318

The NASDAQ was 435

The DOW was 2,440

At Point 2 (Friday, May 29, 2026):

The S&P 500 was 7,580

The NASDAQ was 26,972

The DOW was 51,032

The crowd’s psychology / emotions?

They felt the same at both times, the same, more bearish (negative) than bullish (positive)!!!

The economic backdrop has rarely, if ever, been better. The revenues and profits of Corporate America, as measured by the S&P 500, have never been higher as detailed in The Weekly Update I wrote and posted to TWSG website on 5-29-26. (Read it Here)

The May update I wrote for The Seven Signs of a Changing Economy™ set the outlook for the economic backdrop for the end of 2026 into 2027.  Again, all based on independent, fact based and source cited data, and all are positive... rare air. (Read it Here)

I did not say market valuations go straight up, and I did not say without volatility, yet the data flow suggests the good old USA has a very bright outlook. 

So, for perspective, focus on “Five Year Money” which I wrote and posted to TWSG website on 1-7-2022. (Read it Here)

As always, I am interested in your thoughts, comments, and questions.

Respectfully,

James O. Lunney, CFP®

CERTIFIED FINANCIAL PLANNER™ Professional  

*The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.  To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.  Investing involves risk. Loss, including loss of principal, may occur. No strategy assures success or protects against loss. All performance referenced is historical and is no guarantee of future results.  All indices are unmanaged and may not be invested into directly.

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