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Largest Weekly Increase in Bullish Sentiment Since March

With the S&P 500 on pace for its second straight week of gains, investors are feeling a little more positive about the market.  According to the American Association of Individual Investors, bullish sentiment increased from 30.3% to 42.0%.  This is the largest weekly reading since 5/23 and the largest one-week increase since 3/14.  Judging by this morning's pre-market futures, investors were right to turn more bullish.  Now, let's hope the gains hold.