The S&P 500 is currently trading at a bull market high and at its highest levels since May 2008. With that kind of rally, one would think that investors would be bullish, right? Not really. According to this week's survey of investor sentiment from the American Association of Individual Investors (AAII), less than one-third of investors are currently bullish (33.1%). At the same time, an equal amount of investors are bearish, while slightly more (33.9%) are neutral. All in all, it seems as though individual investors don't know what to make of the current rally.
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