In recent weeks, the market sentiment has undergone a noticeable shift. According to a recent survey conducted by the American Association of Individual Investors (AAII), bullish sentiment has reached ~45%, marking its highest level since November 2021. That has been reflected in the market action, with more than 55% of stocks in the S&P 500 currently trading above their 50- and 200-day moving averages. Larry Adam, the Chief Investment Officer of Raymond James, adds his perspective, stating, “Gi