Optimism about the stock market’s near-term outlook has rebounded after four straight weeks of declines, amid focus on the Federal Reserve’s latest monetary policy decision and a flurry of corporate earnings reports.
A total of 38.5% of respondents to the American Association of Individual Investors (AAII) survey expressed optimism about the market’s direction over the next six months, up from 32.1% and 38.3%, respectively, over the past two weeks. That’s above the historical average of 37.5%.
