After the largest one-week decline in bullish sentiment in over a year last week, investors stepped away from the ledge this week and became a bit less pessimistic.  In the latest sentiment figures from AAII, bullish sentiment rebounded from 23.9% up to 32.9% this week.  While the bounce erased all of last week’s decline, it is still notable that less than one-third of investors polled in this survey consider themselves bullish, even with the S&P 500 at all-time highs.  Further, it’s been a record 125 weeks now since the bulls were last in the majority.

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AAII Bullish Sentiment 052517

Bearish sentiment, meanwhile, dropped slightly more than it increased last week, falling from 34.25% down to 30%.  After trending higher since late 2016, bearish sentiment looks like it may have finally broken that uptrend in the last few weeks.

AAII Bearish Sentiment 052517

Finally, after surging back above 40% for the first time this year last week, neutral sentiment drifted back below 40% to a level of 37.14%.

AAII Neutral Sentiment 052517

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