Investors Remain Bullish On Equity Market Despite Confidence Decline

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RTX10IME Investors remained bullish in May despite two straight months of sliding confidence in the markets, according to TD Ameritrade's Investor Movement Index.

Investors remained bullish in May despite two straight months of sliding confidence in the markets, according to a new survey.

TD Ameritrade’s (NYSE:AMTD) Investor Movement Index, or IMX, found that the score fell to 5.02 from 5.31 in April and is continuing in a negative direction.

Despite declines, investors maintained a high level of trading on the equity market.

“Some clients became skeptical of the rally to new highs,” Nicole Sherrod, the managing director of TD Ameritrade’s Trader Group, said in a statement. “Our May IMX reading shows that our clients were lightening as the market rallied, reducing their equity market exposure.”

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