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.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
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.
Fonte: phxbizjournal - 🏆 254. / 63 Leggi di più »
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
Fonte: Utoday_en - 🏆 295. / 63 Leggi di più »