Sell Side Indicator notched its biggest increase in roughly two years as economic reopenings boosted risk appetites.
Though the leap signals an optimistic shift among investors, stock market emotions are still fairly lukewarm, the bank said. Recent price activity backs up such observations. After rallying hard through May, stocks ended June only slightly above where they began. Fears of a second wave of coronavirus and dried-up stimulus measures pushed investors back to safe havens.
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