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Matt Stucky, senior portfolio manager of equities at Northwestern Mutual Wealth Management Company, believes sentiment - as evidenced in the AAII survey - has soared too quickly.
Only 20.5% of respondents to the weekly sentiment survey run by AAII reported as bullish this week.
Source: https://seekingalpha.com/article/4568179-bulls-and-bears-back-off?source=feed_all_articles