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Bullish Sentiment Continues To Weaken Ahead Of Fed Statement

Lowest percentage of bullish newsletter editors since Lehman bankruptcy

S&P 500 vs Investor Intelligence Bulls

Source: Short Side of Long

We discussed market sentiment with regard to the S&P 500 at the beginning of this month, focusing on the Investor Intelligence newsletter and advisor survey. At the time, we concluded that bullish sentiment has dropped to levels we have not seen since March 2009 lows. A quick update this week shows that the number of bullish advisors has fallen even further. Apart from the...