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Buy high, sell low frustration is huge

The crowd is the crowd for a reason

The spread between AAII bulls vs bears reached a local extreme just in time for the latest market high. Buying high and selling low pain is big and frustration is running high.

Source: Refinitiv
Source: Refinitiv
Source: Refinitiv
Source: JPM Retail Radar
Source: Barclays
Source: Nordea/Macrobond
Source: MS
Source: MS PB
Source: Refinitiv
Source: BofA