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Over the past week, mounting geopolitical tensions have kept markets on their toes. As of today, equity markets have recovered whatever losses there were, but sentiment has still taken a hit. The percentage of bullish investors in the weekly AAII survey has fallen for a third straight week down to 33.07%. This is the lowest level of bullish sentiment since the first week of December, when 31.72% of respondents were bullish. Granted, these declines have not brought bullish sentiment to any sort of extremely low level. In fact, it is now just about in line