According to a survey by the American Association of Individual Investors, investor sentiment has dropped to its lowest level since 2025

According to a survey by the American Association of Individual Investors, 53.3% of surveyed investors are bearish and 28.8% are bullish due to the impact of high oil prices and the Federal Reserve's interest rate hikes. The difference between the number of market bulls and bears has dropped to -24.5%, the lowest level since May 2025. More than half of the respondents hold cash holdings above normal levels, with 19.1% of them having cash holdings far above normal levels.