Courtesy of The Pragmatic Capitalist
After having entered the year in an overwhelmingly bullish fashion, investors have tempered their bullish perspective a bit. The latest sentiment reading from AAII showed a sharp decline from 49% to 41% bulls. Many investors have expressed caution due to the high reading coming into the beginning of the year. This less bullish position is consistent with the recent data on small speculators from the CFTC.
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