According to @KobeissiLetter, 52% of Americans in December expected higher stock prices over the next 12 months, one of the strongest readings since this question began in 1987 (source: @KobeissiLetter). Since April 2025, the bullish share is up about 15 points, signaling elevated retail risk appetite that equity traders track for positioning (source: @KobeissiLetter). For crypto, equity risk-on sentiment has historically spilled over into digital assets as stock–crypto correlations increased notably after 2020, affecting BTC and broader market beta (source: International Monetary Fund, 2022). Traders also monitor extreme optimism as a contrarian input, as unusually high bullish sentiment has preceded below-average forward equity returns in AAII studies, informing risk management for BTC and ETH during equity-driven moves (source: American Association of Individual Investors, Sentiment Survey research).

According to The Kobeissi Letter on Twitter, the latest AAII survey shows that 35.9% of individual investors are bullish on the stock market for the next six months, marking the highest level since January. This surge, with sentiment rising 15 points in just two weeks, reflects growing optimism that could spill over into cryptocurrency markets. Historically, strong bullishness in traditional equities often correlates with increased risk appetite in crypto assets, suggesting potential for heightened trading volumes and upward price movement in major cryptocurrencies (Source: The Kobeissi Letter, Twitter, May 17, 2025).