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Investors sentiment has slumped sharply over the last two weeks, even without as much as a 5% correction(SP 500 Index-lowest daily close this month= -4.8% from the 2019 high).

AAII bullish sentiment has cratered 18% since May 10th.  That’s the steepest two week drop in six years.  AAII bulls closed out last week at 24.7%, the lowest reading this year.  In early May bulls were at a seven month high.  Jittery all right…

Hat tip Ryan Detrick of LPL Research