Stock market outlook: Extreme bearishness suggests 16% upside, BofA says

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Stock market outlook: Extreme bearishness suggests 16% upside, BofA says
France Dernières Nouvelles,France Actualités

Extreme investor bearishness suggests stock market gains of 16% are coming in the next 12 months, Bank of America says

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Investors are so bearish on stocks it could actually drive more upside for the market, with the S&P 500 potentially rising 16% over the next year, according to Bank of America.

In May, Wall Street strategists lowered their exposure to stocks by 6.6%, while increasing their exposure to bonds by 6.4%.

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