The crew at BofA Global Research advocated for caution in a Monday report titled, “Inching toward euphoria,” amid a rebound from the COVID pandemic that has sent one indicator to a 13-year peak as bullishness grips the U.S. market.
BofA researchers led by star analyst Savita Subramanian say that the firm’s sell-indicator, which they describe as a reliable contrarian indicator, is flashing a warning sign if not a sell signal. The researchers note that there hasn’t been a 5% retreat in the broader market in the past six months even though such pullbacks tend to happen at least three times on average during a calendar year. The strategists also note that the market hasn’t seen a 10% retreat in stocks in the past 14 months. Pullbacks of that magnitude tend to occur at least once a year.
Subramanian and team, however, believe that this time around “tepid” rather than negative returns are likely ahead.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I am recently in your country, looking for new friends
BofA?
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Missed out on the rally? One investment bank says try these ‘cheap’ stocksNew for subscribers: Missed out on the rally? One investment bank says try these ‘cheap’ stocks. Check out CNBCPro today. Pro I am looking for new, good friends Pro A 1400-year-old secret about Pakistan – Pakistan was made by Allah SWT on a dua by Prophet Muhammad SAW. Islam will rise again from Pakistan to the whole world – A prediction from the divine dreams of Muhammad Qasim, that are coming true. Visit C3Kenneth Pro 심폐기능을 테스트하기좋은듯 --싸구려 의료기기보다 나은듯 심폐기능의 테스트--Bbf과학에는 많지요 꼭 돈내시고 정품버젼을 쓰세요 --기능에 보완 사항도 있지요
Source: CNBC - 🏆 12. / 72 Read more »
European stocks rebound from worst day in 2021, as U.S. futures remain negativeStocks in Europe inched higher on Wednesday, rebounding slightly from the worst trading day of 2021 as U.S. stock market futures remain set to open lower. Normally I don’t do this, I don’t praise people for any reason,truth be told good work deserve appraisal,I wound deny the fact that I’m super jealousy of your hard work and skill. I’m proud of you and what you do in the life of people we need more people like you Sharon_cryptofx Paywall
Source: MarketWatch - 🏆 3. / 97 Read more »
A Shift in Market Leadership Is Reassuring When Stocks Get FrothyHeard on the Street: In a market riddled with signs of euphoria and speculation, a rotation away from tech stocks and toward cheaper ones is a breath of fresh air It is written by G-d that if it looks better, it is better.
Source: WSJ - 🏆 98. / 63 Read more »
These stocks just scored upgrades from Wall Street’s best-performing analystsTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Shopify & General Dynamics thanks WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders! Investors! There is only ONE the most important thing you need to know about StockMarket - WE ARE IN THE BIGGEST STOCKMARKET BUBBLE IN HISTORY!!! 205% Ratio of StockMarket CAP to GDP!!! SIGNIFICANTLY OVERVALUED!!! DON'T LOSE YOUR MONEY!!!
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street's top analysts recommend these buy-rated stocks as earnings season rolls onTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Lyft & Jack in the Box See so how is this not just wallstreetbets ? These “top analysts” are telling us what to buy because we know their friends have those stocks. But when reddit does it it’s a felony. horrible
Source: CNBC - 🏆 12. / 72 Read more »