LIVE MARKETS-Individual investors fret over market concentration in Big Tech - 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
INDIVIDUAL INVESTORS FRET OVER MARKET CONCENTRATION IN BIG TECH - AAII
Pessimism among individual investors over the short-term outlook for U.S. stocks declined in the latest American Association of Individual Investors (AAII) Sentiment Survey. With this, both neutral sentiment and optimism rose.
Meanwhile, more than two-thirds of investors surveyed believe that the current level of concentration in mega-cap tech stocks is either a "major risk" or "somewhat concerning."
AAII reported that bearish sentiment, or expectations that stock prices will fall over the next six months, fell 5.6 percentage points to 43.6%. Bearish sentiment is "unusually high" and is above its historical average of 31.0% for the 51st time in 53 weeks.
Neutral sentiment, or expectations that stock prices will stay essentially unchanged over the next six months, gained 4.6 percentage points to 23.9%. Neutral sentiment is below its historical average of 31.5% for the 70th time in 72 weeks.
Bullish sentiment, or expectations that stock prices will rise over the next six months, edged up 1.0 percentage point to 32.6%. Bullish sentiment is below its historical average of 37.5% for the fourth time in six weeks.
With these changes, the bull-bear spread increased 6.5 percentage points to –11.0% from -17.5% last week. The bull-bear spread is below its historical average of 6.5% for the 38th time in 42 weeks.
In this week's special question, AAII asked its members how they view the market's current level of concentration in mega-cap technology stocks.
Here is AAII's graphic showing how they responded:
(Terence Gabriel)
EARLIER ON LIVE MARKETS:
FRIDAY DATA: BUSINESS ACTIVITY EXPANDS, CONSUMER SENTIMENT WALLOWS BELOW COVID-ERA LEVELS CLICK HERE
US STOCKS TRY TO STABILIZE IN EARLY TRADE CLICK HERE
STOCK TRADERS EYE BITCOIN, MORE S&P 500 TECHNICAL DAMAGE CLICK HERE
TALKING ABOUT A POSSIBLE TRUSS MOMENT IN JAPAN CLICK HERE
AND NOW WE'RE TURNING LOWER CLICK HERE
BUNDS MIGHT NOT GET MUCH HELP IF AI STOCKS FALL FURTHER CLICK HERE
EUROPE BEFORE THE BELL, WE WEREN'T AWAY FOR LONG, WHAT HAPPENED? CLICK HERE
MORNING BID: THREE-ALARM FIRE AS TECH SELLOFF RESUMES, TAKAICHI STIMULUS LANDS CLICK HERE
AAII11212025 
AAIISQ11212025 
Related Articles
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
Musk’s Next Ambition: Building a Space-Based AI Data Center
TradingKey - Musk has long resisted the idea of taking SpaceX public. After the Tesla take-private drama and the resulting SEC penalties (which cost him the chairmanship), he’s been wary of public market entanglements. But something’s changed—and fast.
Japan Central Bank Rate Hike To Three-Decade High Imminent, How Will The Market Go? Which Assets Most Affected?
As global monetary policy divergence enters a critical phase, the Bank of Japan (BoJ) is anticipated to raise its benchmark interest rate at the monetary policy meeting on December 19, 2025, by 25 basis points to 0.75% , marking its highest level in nearly 30 years.
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?
Dow Jones Market Data shows this marks the first time since 1980all three metals—gold, silver, and copper—simultaneously refreshed their all-time highs in the same year. Will this rally extend into 2026?
