According to The Kobeissi Letter, the American Association of Individual Investors (AAII) survey indicated that 61.9% of investors are expressing bearish sentiment, marking the most significant level since March 2009. This is the third-highest reading since the survey's inception in 1987. The bearish sentiment has remained above 55.0% for six consecutive weeks, a streak not seen since the 1990s. This trend may suggest a cautious approach in trading strategies, as high bearish sentiment often correlates with market volatility.