Investor Bullish Sentiment Swings Lower

This week's sentiment survey from the American Association of Individual Investors reported a sharp decline in bullish investor sentiment. The individual investor bullishness level came in at 31.25% versus the prior week's level of 43.48%. Additionally, the bull/bear spread was reported at -22% versus last week's reading of +5%. The S&P 500 Index closed at 1,335 on the day prior to the report. Since the reports release, the S&P 500 Index is up 24.5 points or 1.8%.

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Data Source: American Association of Individual Investors