Recent data from the American Association of Individual Investors (AAII) indicates a continued bearish sentiment among individual investors, with 57.3% of respondents expressing negative outlooks for the market over the next six months. This figure is a slight decrease from the previous week's 60.6%, which was noted as the second-highest level of bearish sentiment since the Great Financial Crisis. Concurrently, bullish sentiment has remained low, falling from 19.4% to 19.3%. The S&P 500 has experienced a 7% decline from its peak on February 19, marking the largest pullback since last August. This downturn is the 30th correction of over 5% from a high since the market's low in March 2009. The bearish sentiment among individual investors is notable, as such high levels have rarely been recorded outside of bear markets.