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.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sumber: phxbizjournal - 🏆 254. / 63 Baca lebih lajut »
Sumber: Utoday_en - 🏆 295. / 63 Baca lebih lajut »