With just five days to go until the election and the S&P 500 in the midst of a seven-day losing streak, sentiment on the part of individual investors only declined modestly this week. That being said, with sentiment already at such depressed levels, it would be hard to get much more negative. According to the weekly survey from AAII, bullish sentiment dropped from 24.75% down to 23.64%. This is the lowest weekly reading since late June leading up to the Brexit vote, and represents the 53rd straight week below 40%. Bearish sentiment, meanwhile, saw an extremely modest increase, rising to 34.32% from 34.07%. We would like to say that once the election passes that investor sentiment will start to improve, but no matter who wins, that attitude may be a little on the optimistic side.