A sharp drop in bullish sentiment indicates this turnaround may not last that long as we await key data, Fed.This sudden upswing begs the question: Was the recent market correction merely a buying opportunity for savvy investors?
However, history shows that significant drops exceeding 20% from a peak are less frequent than many anticipate. Furthermore, focusing on the performance of the past decade reveals a positive trend in May. Over the last ten years, the market has risen in May roughly 80% of the time, with an average gain of +4%.
The American Association of Individual Investors indicator revealed a sharp drop in bullish sentiment for the sixth time in two months.
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