In the American Association of Individual Investors sentiment survey release this week, bullish sentiment declined and bearishness increased a full 4.5 percentage points. The bullish trend in this contrarian indicator has been down since bullishness hit a high of 54.2% in the October 19th measurement period. If bullish sentiment falls to a level like July 20th, this would be one indication the equity markets may rally.
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Source: American Association of Individual Investors
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