Sep 3, 01:08 PM

Bank of America Reports Increasing Bullish Sentiment Towards S&P 500, Bull & Bear Indicator at 6.2

Bank of America analysts have noted a significant increase in bullish sentiment towards the S&P 500, as reflected by their top contrarian sentiment indicator, the Sell Side Indicator (SSI). The indicator is described as 'getting bullisher and bullisher,' with strategists' allocation to stocks reaching a 2.5-year high. Additionally, the BofA Bull & Bear Indicator rose to 6.2 last week from 6.1, marking its first weekly rise in the past month due to substantial inflows into stocks and bonds. Jim Paulsen highlighted that the recent pop in the SPEW index might signal a new leg higher for the stock market, potentially with broader participation.

#Bank of America #Sell Side Indicator #Jim Paulsen

Written with ChatGPT (GPT-4o).

Sources

Mike Zaccardi, CFA, CMT 🍖@MikeZaccardi
2 years ago
BofA Bull & Bear Indicator rose to 6.2 last week from 6.1 it was the first weekly rise of the BofA Bull & Bear Indicator in the past month on big inflows to stocks & bonds https://t.co/9zJyhS0bIV
*Walter Bloomberg@DeItaone
2 years ago
S&P 500: BOFA'S TOP INDICATOR IS 'GETTING BULLISHER AND BULLISHER' Bank of America analysts told investors in a note Tuesday that their top contrarian sentiment indicator, the Sell Side Indicator (SSI), is "getting bullisher and bullisher" as strategists continue to increase…
Sam Ro 📈@SamRo
2 years ago
"Getting bullisher and bullisher... Strategists' allocation to stocks at 2.5 year high..." - BofA

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Bank of America Reports Increasing Bullish Sentiment Towards S&P 500, Bull & Bear Indicator at 6.2

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