Broker Check

The Weekly Update for 1/6/2023

| January 06, 2023

“NEVER” Before!

The first chart below is also “a first”!

Since data has been reported by the American Association of Individual Investors (AAII), back 36 years ago, there has NEVER been a period where “Bullish Sentiment” (positive outlook) came in at 0 for the entire year.  Until 2022!

This second chart is the AAII Bull/Bear Ratio, i.e., positive outlook versus negative investment outlook.  For the entire year of 2022 there were more negative investors than positive.

The cool part is we had enough foresight to sell over 70% of stock positions in most of our client family accounts early last year.

We own fine investments, on purpose, with the remaining approximate 30%.

Our intention is to be thoughtful on our re-entry over this year.  It is in the nutty times, like now, where the gains we make a few years from now are made.

I’m interested in your thoughts, comments, and observations.  Feel welcome to call, email or stop by the office and say Hi.


James O. Lunney, CFP®


Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.