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BoA says the S&P500 is a sell - buyers being 'sucked in' ahead of a hard landing

A snippet from a Bank of America strategist on the US benchmark equity index:Looking circa 4200 says “we still fade” around here as the index has been nudging up against that level a few time this year with no significant break above:on the latest test of the level - “would be so ‘on-brand’ for stocks to melt-up into recession, suck ’em all in right before the hard landing”(ps. the note was from Friday.) This article was written by Eamonn Sheridan at www.forexlive.com... Read More

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Says

P500

Sell

Buyers

Being

Sucked

Ahead

Hard

Landing

S p500

sucked

Forex

Posted: May 21 2023, 22:01

Author Name: forexlive

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