Bullish Sentiment Ticks Up for Stocks

Investors Intelligence has its weekly sentiment showing that bullish sentiment rose, with the financial advisory professionals who are bullish rising to 49.5% from 47.4% the prior week. Bearish sentiment also rose, but that was only up to 19.6% from 18.6% in the prior week. Those expecting a market correction fell to 30.9% from 34.0% the prior week.

We would note that the markets were challenging highs again just on Tuesday and that was after the cut-off date of last Friday. Another consideration was that as of last Friday it was not known whether the Cyprus bailout was going to be delivered upon or not.

Outside of that, we have no comment to offer as this is someone else’s survey.