Sept. 3 (Bloomberg) -- Optimism about U.S. stocks increased by the most since July as economic reports emboldened investors following three straight weekly losses in the Standard & Poor’s 500 Index, according to a survey from the American Association of Individual Investors.
The proportion of investors who anticipate a gain in the next six months jumped to 30.8 percent in the week ended Sept. 1, the biggest rise since the period that ended July 15. That compares with the 17-month low of 20.7 percent the previous week and the historical average of 39 percent.
“The improvement in bullish sentiment comes on the heels of a strong stock market advance during the first trading day of September,” Charles Rotblut, AAII vice president, wrote in a report yesterday. “A fall in the percentage of bearish and neutral investors accounted for the 10.1 percentage point increase in bullish sentiment.”
U.S. stocks rallied the most in almost two months on Sept. 1 as better-than-estimated growth in American and Chinese manufacturing bolstered confidence in the global economic recovery.
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