The AAII sentiment survey for the week ending October 25, 2024, indicates a decline in bullish sentiment among day traders, with bulls at 37.7%, the lowest level since April, while bears increased to 29.9%, the highest since mid-September. Despite this drop, bulls have outnumbered bears for the 26th consecutive week, although the spread has narrowed, now at 7.8, marking a two-month low. This persistent bullish sentiment has been a tailwind for stocks, as noted by market analysts who emphasize that optimism remains despite the recent decline in bullish sentiment.