Based on the weekly bullish sentiment readings from AAII, investor sentiment has been downright miserable for the last couple of years.  This week, however, sentiment saw a pretty nice bounce.  According to the survey, bullish sentiment increased from 28.24% up to 35.48% – the highest since the first week of May.  Granted, sentiment hasn’t topped 50% in more than two years, but you have to start somewhere.

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While bullish sentiment perked up, take a look at bearish sentiment breaking down.  In this week’s survey, the percentage of investors calling themselves bearish dropped from 29.63% to 25.81%.  This year, the only other time where bearish sentiment was lower was the first week of January.

Neutral sentiment dropped below 40% but still remains elevated at 38.71%.