After having entered the year in an overwhelmingly bullish fashion, investors have tempered their bullish perspective a bit. The latest sentiment reading from AAII showed a sharp decline from 49% to 41% bulls. Many investors have expressed caution due to the high reading coming into the beginning of the year. This less bullish position is consistent with the recent data on small speculators from the CFTC.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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