The Tell: Wall Street analysts are souring on stocks. That could mean the S&P 500 is poised for a 15% rally, B. of A. says.

by | Nov 1, 2023 | Stock Market

Wall Street analysts are souring on U.S. stocks. Historically, that has meant that the market is likely to climb during the coming months, with gains sometimes breaking into double-digit percentage territory. Bank of America’s sell-side indicator, a gauge of Wall Street analysts’ expectations for U.S. stock-market performance, declined by 37 basis points to 53.1% in October while the S&P 500 fell by 2.2%, according to a report by Bank of America’s Savita Subramanian obtained by MarketWatch on Wednesday. The…

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