It doesn't take much to scare individual investors these days. According to the weekly sentiment survey from the American Association of Individual Investors (AAII), bullish sentiment dropped from 51.6% down to 42.7% over the past week. This week's 8.9 percentage point decline was the largest single week decline since 11/24. With that kind of decline, one would think that the S&P 500 would be down more than the 50 basis points that it has fallen since last Thursday.
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