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Bullish Sentiment Declines Slightly as Equities Rise

Although the S&P 500 is up modestly on the week, individual investor sentiment turned a little less positive.  According to the American Association of Individual Investors (AAII), bullish sentiment declined from 48.94% down to 47.74% this week.  While bullish sentiment fell, the degree of the decline was trivial, and bullish sentiment still remains above its historical average of 38% since the bull market began in March 2009.