2.25.21 Sentiment Getting Frothy, but Long-Term Bullish
With investors taking note of improving COVID-19 trends, an expanding US economy, and additional fiscal stimulus expected in the coming weeks, many are wondering if market sentiment is getting ahead of itself, and the stock market has certainly been on a tear recently. Since the presidential election on November 3, 2020, the S&P 500 Index is up over 15% on a total return basis as of February 23, and has climbed back over 76% since the market bottom on March 23, 2020.
As shown in the LPL Chart of the Day, despite some inklings of volatility this week, the American Association of Individual Investors survey of bulls versus bear
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