In the sentiment survey released this week by the American Association of Individual Investors, bullish sentiment increased to 27.64% versus last week's reading of 18.92%. The increase in investor bullishness came from a reduction in bearish sentiment. The bearish sentiment declined to 54.47% versus last week's bearishness reading of 70.27%. The bull/bear spread narrowed to -27% versus -51%. The bullish sentiment remains below the long term average of 38.9% and the bearish sentiment remains above its average of 29.8%.
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