Bull/Bear Ratio Remains Low

Stock market sentiment remains bearish, which is bullish for longer-term investors with a contrarian streak. Consider the following:(1) Investors Intelligence Bull/Bear Ratio (BBR) was below 1.00 for the sixth successive week this week—slipping to 0.89 this week, after climbing the prior two weeks from 0.65 (the lowest since mid-February 2016) to 0.93 over the period. The BBR has been bouncing around 1.00 since late February.