Dwindling Stock Bulls See Signs of Hope in Rise of Pessimism

US stocks have churned near a record for nearly four months, with virtually every gain quickly wiped out by a bout of selling like Monday’s. The relentless churn has pushed the number of bears in a closely watched survey of investor sentiment past the bullish group for the first time since November. And a Deutsche Bank measure of discretionary equity positioning is now underweight, according to Parag Thatte, a strategist at the bank. Most Read from Bloomberg Together, the two gloomy signals add up to a ...