News Formal

Bank of America’s top equity strategist is looking for these signals to get more bullish on stocks

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Bank of America's top strategist says there needs to be a recovery in millennial spending for her to get more bullish on the economy. 'The risk with millennials is that they’ve had two really bad things happen to them during key formative stages.'

Reality bites. The Federal Reserve’s cautious outlook and worries about a second U.S. virus wave are spooking investors for Thursday.

But given that the S&P 500 is currently hovering just under 3,200, the bank still looks pretty cautious. In our call of the day, MarketWatch spoke to Subramanian about the signals she needs to see to get more bullish on stocks. “I think that the risk with millennials is that they’ve had two really bad things happen to them during key formative stages. They graduated from college during the global financial crisis, so they had massive student debt and were basically forced to live with their parents,” Subramanian said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

When it comes to bad news, they will have a hard time catching up to Gen X.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

These stocks could soar during the recovery, Bank of America saysBank of America's analysts looked for stocks in the S&P 500 that have three characteristics that mark winners during an economic recovery. Pro But they predicted square to lose half its businesses 🤔 I'd think their is some correlation.. no? Pro The recovery?
Källa: CNBC - 🏆 12. / 72 Läs mer »