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The percentage of respondents reporting neutral sentiment moved modestly higher, increasing by just 30 basis points to 22.5%.
The percentage of respondents reporting bearish sentiment rose for the third consecutive week to 59.3%, the highest level since late April.
The bull-bear spread remains near historic lows, and there have now been 22 consecutive weeks in which the spread was below -10 (smoothed out by taking a four-week moving average).