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US investor sentiment rises sharply and is above average for the first time since February

The AAII Sentiment Survey is an underrated indicator. It's one of the best measures of a market that's way too one-sided.The last time I wrote about it was on September 30, when I highlighted it was at 60% bearish for two weeks running for the first time in history. The stock market bottomed two weeks later.Now -- after a +20% rally in the S&P 500 -- the tables are beginning to turn. Sentiment jumped this week and is now 44.5% bullish (up from 29.1% a week ago) and above the historical average o... Read More

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Content Topics

Investor

Sentiment

Rises

Sharply

Above

Average

First

Time

February

Forex

Posted: Jun 8 2023, 18:17

Author Name: forexlive

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