The S&P 500 is down less than 3% from its recent closing high, but based on the latest sentiment figures from the American Association of Individual Investors (AAII) you would think we are already in correction territory. Ā In the latest week, bullish sentiment declined from 26.7% to 25.6%. Ā This is the lowest level since August 2010, and a far cry from the 50%+ levels we saw as recently as February.
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