News Formal

The latest rally in stocks may be almost over, Bank of America warns

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The best buying times for stocks may be behind us, says Bank of America, whose proprietary Bull & Bear Indicator has moved off an extreme bear position for...

Investors hoping to squeeze some more gains out of the stock market’s latest bear-market bounce might be too late, according to a team of strategists at Bank of America.

According to a Friday note sent to clients and media, the bank’s proprietary Bull & Bear indicator has moved off of its extremely bearish positioning for the first time in nine weeks, going from 0 to 0.4. However, since the BofA gauge is often seen as a contrarian indicator, this could mean that the latest bear-market rally might already be close to ending, according to Hartnett.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Arouet Foundation gets Bank of America grant - Phoenix Business JournalThe 2022 Bank of America Neighborhood Builders award goes to Arouet Foundation over the next two years and comes with training programs.
Source: phxbizjournal - 🏆 254. / 63 Read more »

FTX Collapse May Bring Bull Market Faster, Says Prominent TraderMurad Mahmudov has put a positive spin on the ongoing cryptocurrency market collapse MustStopMurad Theyy don’t want youu to know thiss
Source: Utoday_en - 🏆 295. / 63 Read more »