The latest AAII Sentiment Survey indicates a notable increase in bearish sentiment among individual investors, with the bearish percentage rising to 42.9%, up from 34%. This marks the highest level of bearish sentiment since November 2023. The survey also reveals that the Bull/Bear Spread has returned to negative territory at -9.6, reflecting a shift in investor outlook. The current bearish sentiment is the highest recorded since December 2023, suggesting a growing expectation among investors that stock prices may decline in the coming months. Analysts have noted that this increase in bearishness is the most significant change in sentiment observed since August 2023.