These 6 bullish surprises could power the stock market this year: BofA

📆 15/04/2023 08:33:00
📰 BusinessInsider

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Here are 6 bullish surprises that could power the stock market through the rest of this year, according to Bank of America

"Bearish sentiment + $5 trillion of cash [is] still the 'best friends forever' for risk assets, especially stocks," Hartnett said.

These are the six bullish surprises that could fuel more upside in the stock market this year, according to BofA.An end to the Russia-Ukraine conflict should help calm down geopolitical tensions and ease supply chain concerns related to certain commodities.An increase in immigration in the US and ChatGPT's ability to save time for certain tasks are both deflationary forces that when combined could help squash inflation.

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These underowned stocks could surprise the market with upside this earnings season, BofA saysBank of America screened for underowned stocks its analysts think could top Wall Street's first-quarter earnings estimates.
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