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This week marks one of only 35 weeks since the AAII survey began in 1987 that bullish sentiment was below 20%; the most recent being only back in February when it fell to 19.2%.
As could be expected, the huge drop and the historic low in bullish sentiment was met with a coincident increase in bearish sentiment.
Neutral sentiment was slightly higher rising 1.8 percentage points to 35.7%.