Markets

Bank of America says says investor bullishness is rising, but is not yet euphoric. Here why that signals the S&P 500 could gain 10% over the next year.

A contrarian indicator from Bank of America that measures investor bullishness jumped in November as vaccine progress sparked optimism on Wall Street. BofA’s Sell Side Indicator rose to 57.8%, the highest level of bullishness in 18 months. Usually when Wall Street is bullish, that’s a bearish sign for stocks, according […]
Bank of America says says investor bullishness is rising, but is not yet euphoric. Here why that signals the S&P 500 could gain 10% over the next year.
Markets

‘December’s return may be sub-par’: A Wall Street chief strategist warns that stocks could limp into year-end after an explosive November

History shows that December’s returns may be sub-par following an explosive November for stocks, according to CFRA’s Sam Stovall. The chief investment strategist highlighted several historical data points that indicate weak gains are ahead. For example, in every November since WWII, whenever the S&P 500 gained 5% or more, December’s […]
‘December’s return may be sub-par’: A Wall Street chief strategist warns that stocks could limp into year-end after an explosive November
Markets

A Wall Street investment chief says a divided government is a better outcome for stocks than a ‘blue wave’ — and sees 44% S&P 500 upside from current levels

Stephen Auth, chief investment officer for equities at Federated Hermes says a divided government will be a “far happier outcome for markets” than a Democratic sweep. Auth explained that a divided government will pass a substantial fiscal package while avoiding “growth-killing” tax hikes. He has a long-term price target of […]
A Wall Street investment chief says a divided government is a better outcome for stocks than a ‘blue wave’ — and sees 44% S&P 500 upside from current levels