Investment Managers Remain Bullish--NAAIM Survey

While the retail crowd was shaken by the recent market correction, the pros remain largely unaffected and continue to be long stocks. According to the NAAIM weekly survey, professional money managers have a 66.59% equity exposure, down slightly from last weeks number of 71.46%. The NAAIM number is a contrary indicator so we look for extremes in sentiment to predict potential market reversals. So while the number indicates that managers are bullish, it is not yet at an extreme. Historically, a number around 80% is a contrary sell signal, indicating stocks may have some more room to run.

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Investment Managers Remain Bullish--NAAIM Survey