Bullish Sentiment Rises As Market Declines

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Includes: DIA, SPY
by: Bespoke Investment Group

Even as the S&P 500 was on the verge of its first four-day losing streak of the year, and the Dow saw a decline of nearly 300 points, individual investors turned slightly more bullish this week. According to the weekly survey from the American Association of Individual Investors (AAII), bullish sentiment increased from 42.68% up to 45.02%. This is the 10th straight week that bullish sentiment has been above its bull market average of 38.3%, which is the longest streak since early 2013.While investors did turn slightly more bullish this week, keep in mind that last week we saw a decline of over nine percentage points, so this week's rebound only erased a quarter of that decline.