Given the July 4th holiday on Wednesday and the half day on Tuesday, there was very little change in  investor sentiment over the last week.  Based on the AAII survey, individual investors are still a lot more bearish than bullish.  Bullish sentiment saw a slight decline on the week, falling from 28.5% down to 27.9%, which is the lowest level since early April.

Bearish sentiment, meanwhile, also saw a slight decline, falling from 40.8% down to 39.3%, but keep in mind that follows a massive 15 percentage point increase in the prior week.

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