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Wall Street’s bearishness may offer another reason to buy, says BofA, as stocks rally

Por: MarketWatch Business June 03, 2023

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The indicator has sent a contrarian, bullish signal to the U.S. stock market, according to the note. The sell side indicator has been “a reliable contrary indicator”, meaning that it sends a bullish signal when Wall Street strategists are extremely bearish, and vice versa, the analyst noted.  The indicator is now in “Neutral” territory, but only 1.1 percentage point away from triggering a “Buy” signal, according to the note.  The... + full article



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