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From: Julius Wong12/28/2023 9:41:25 AM
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American Association of Individual Investors highlights a bullish sentiment shift

Dec. 28, 2023 8:32 AM ET
By: Jason Capul, SA News Editor
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As the S&P 500 ( SP500) continues its climb into the closing days of 2023, the American Association of Individual Investors noted that there has been an underlying shift towards a bullish position as many bearish investor viewpoints have faded.

According to a sentiment survey put together by the organization as of December 27, data shows 46.3% of investors are bullish on the broader market. Well 25.1% hold a bearish stance, and 28.6% remain neutral.

Meanwhile, back on Nov. 1, only 24.3% of individuals held a bullish point of view while 50.3% looked at the market from a bearish lens.



For reference, the S&P 500 ( SP500) (NYSEARCA: SPY) (NYSEARCA: IVV) (NYSEARCA: VOO) currently trades at 4,781, which is only a few points away from its all-time trading high of 4,818 which was recorded back on January 4 of 2022. With just Thursday and Friday remaining in the 2023 trading year the S&P 500 would need to advance roughly 0.7% to notch a new record high by the end of the year.
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