AAII Bears Above 50% as Money Rotates Into Bonds

When the latest AAII survey shows more than half of individual investors are bearish, it’s basically a snapshot of what’s in your group chats: nerves, second‑guessing, and talk of “maybe I should just buy bonds.” At the same time, flows into bond ETFs are picking up and TV personalities are calling stocks “extremely oversold” – all in a market that’s edgy but still trading in an orderly way.

If your portfolio feels stuck between fear and FOMO, you’re not alone.

The AAII survey now has bears above 50% and bulls around 30%. That’s a lot of people expecting trouble. Meanwhile, investors are piling into bond ETFs after bonds have outperformed the S&P 500 this year. So the crowd is getting more cautious, and their money is starting to show it.