Seeking Alpha
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The S&P 500 may be trading at levels that would mark a new all-time high right now, but don't tell that to individual investors. According to the American Association of Individual Investors, bullish sentiment actually declined modestly this week from 38.94% down to 38.40%. Granted, this is a minor decline, but it is a far cry from where sentiment was in late January when the S&P 500 was 5% lower.

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