S&P 500: AAII Bearish Sentiment Rises Above 54 After Staying Below for at Least 9 Months

Market sentiment is at its most bearish level in 9+ months. AAII bears just hit 54 for first time since May 2025. Sentiment isn’t a timing tool, but it can act as a contrarian signal for medium to long term investors. Six months later, S&P 500 $SPX was positive 7 of 8 times.