BofA’s stock indicator is the closest it’s been to ‘buy’ since 2017

January 4, 2023

One reason we are more constructive on equities in 2023 is the big drop in sentiment during 2022,” Bank of America’s strategists including Savita Subramanian wrote in note to clients. “It has been a bullish signal when Wall Street strategists were extremely bearish, and vice versa.

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