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BoA says it expects the S&P 500 has not yet hit a bottom

A snippet from Bank of America's Savita Subramanian, head of U.S. equity and quantitative strategy. “Our bull market signposts suggest the S&P 500 may not break out just yet”Only half of the 'signposts' BoA look for, such as Fed rate cuts and a steepening yield curve (see pic below), are triggered, whereas around 80% are prior to the market hitting a trough:50% are triggered vs. 80-90% ahead of prior S&P 500 market bottoms---'Twas a positive day for US equities:Happy days are here again. Russell... Read More

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Posted: May 17 2023, 22:01

Author Name: forexlive

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