Bullish Sentiment Shows Largest Weekly Drop Since November

It doesn't take much to scare individual investors these days.  According to the weekly sentiment survey from the American Association of Individual Investors (AAII), bullish sentiment dropped from 51.6% down to 42.7% over the past week.  This week's 8.9 percentage point decline was the largest single week decline since 11/24.  With that kind of decline, one would think that the S&P 500 would be down more than the 50 basis points that it has fallen since last Thursday.

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