Bullishness Surges After Hitting One-Year Low: Chart of the Day
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Individuals’ confidence in U.S. stocks soared in the biggest two-week climb since March 2009, as data on employment and manufacturing data beat expectations.
The CHART OF THE DAY shows the proportion of respondents who were bullish rose to 43.9 percent, the most since April 15, according to an online survey by the American Association of Individual Investors. The increase from 20.7 percent on Aug. 26 is the largest two-week jump since March 2009, when the Standard & Poor’s 500 Index started a bull market that lifted it as much as 80 percent.