Recommended allocations to stocks have dropped to levels that historically have sent a contrarian, bullish signal to the U.S. stock market, according to BofA Global Research.
While the sell-side indicator remains in “neutral” territory, it ended 2022 just 1.5 percentage points from a more predictive “buy” signal — “the closest it has been to ‘buy’ since 2017,” BofA equity and quantitative strategists said in the note. The S&P 500 plunged 19.4% in 2022, its worst year since 2008 as it snapped a three-year win streak, according to Dow Jones Market Data.
Traditionally, the “normal” equity allocation for a balanced fund is 60-65%, according to the BofA report, which highlighted that the 2008 financial crisis pushed the sell-side indicator “below that band for the first time since 2000.”
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Wall Street veteran names the stocks that could go to $0 — and his favorites in tech2022 has marked the end of an era of cheap money, and that's bad news for companies with a 'growth at all costs' approach, says David Trainer of New Constructs. Let's hope he ain't one a those, recovering bitcoin advocates Tesla car company target 50 Marxist Demoncrat cities engaged every vile behavior! Their leaders were most loathsome! They bought power with the peoples wealth, spending country into oblivion! Economy collapsed, loyalty no longer purchased! Riots, starvation, murder spread until 💀 from 🔥! Justice at last!
La source: CNBC - 🏆 12. / 72 Lire la suite »
Tesla deliveries disappoint Wall Street after shedding nearly $700 billion in market value last yearTesla's latest report also showed that it produced 34,423 more vehicles than it delivered, meaning that supply outpaced demand for the third consecutive quarter. Easy for your stock value to go down in a toxic world where everyone hates you for being a maverick. My money is on a massive recovery that leaves him owning more shit than anyone had anticipated.
La source: therealautoblog - 🏆 528. / 51 Lire la suite »