LIVE MARKETS-Investor optimism wanes in latest week - AAII

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

INVESTOR OPTIMISM WANES IN LATEST WEEK - AAII

With major U.S. equity indexes on track to snap a three week streak of gains as worries about lofty valuations and an unclear picture of the economy persist, bullish sentiment retreated, according to the latest AAII Sentiment Survey.

Bullish sentiment, or expectations that stocks will rise over the next six months, decreased 6.1 percentage points to 38.0% for the week ending November 5. Despite the decline, bullishness remained above its 37.5% historical average for the sixth time in eight weeks.

Neutral sentiment - expectations that stock prices will stay essentially unchanged over the next six months - jumped 6.7 percentage points to 25.8%, but was still below its 31.5% historical average for the 68th time in 70 weeks.

Bearish sentiment, or expectations that stock prices will fall over the next six months, slipped 0.6 percentage point to 36.3%, said AAII, and remained above its historical average of 31% for the 49th time in 51 weeks.

The bull-bear spread decreased by 5.5 percentage points to 1.7%, putting it below its historical average of 7.5% for the 36th time in 40 weeks.

In the week's special question, AAII asked members what they thought of the Federal Reserve's decision to cut interest rates by 25 basis points at its October meeting. Of the respondents, 54.2% said it was the right move, 29.6% felt rates should've remained unchanged, 9.5% wanted a bigger cut and 1.6% thought the central bank should've raised rates.

(Chuck Mikolajczak)

EARLIER ON LIVE MARKETS:

SHOULD TWO-YEAR TREASURY YIELDS SET BENCHMARK RATES? CLICK HERE

CONSUMER SENTIMENT DOWN NEARLY 30% SINCE TRUMP RE-ELECTION, CURRENT CONDITIONS AT ALL-TIME LOW CLICK HERE

BERNSTEIN SEES US GLP-1 COMPOUNDING BOOM FADING, WEGOVY PRESCRIPTIONS POISED FOR GROWTH CLICK HERE

PRIVATE CREDIT: FLEXIBLE, BUT RISKY? CLICK HERE

US FUTURES POINT TO WEAKER OPEN TO END SOFT WEEK CLICK HERE

IT'S (NOT) PAYROLLS DAY! CLICK HERE

"WATCH OUT" BUT DON'T "GET OUT" YET - BOFA CLICK HERE

EUROPEAN GAS STORAGE THIS WINTER LOOKS A BIT FRAGILE CLICK HERE

TRUMP ONE YEAR ON: WHAT'S NEXT? CLICK HERE

STUTTERING START; MEDIA SECTOR GETS ITV BOOST CLICK HERE

EUROPE BEFORE THE BELL: FUTURES SIGNAL HIGHER OPEN CLICK HERE

THE AI DIP MAY NOT BE DONE CLICK HERE