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BoA says that "The equal weighted S&P could rip" - could do double the S&P 500 gain

BofA Securities head of US equity and quantitative strategy in a Bloomberg TV interview overnight:probably a lot of this good news has been priced ... maybe even overpriced into the Mega-cap tech cohort. Everybody owns these companies, so there's not a lot of buying pressure. But there is a broader array of companies that actually look pretty healthy. And if we don't go into ... hotly forecast recession ...I think that the market can rip from here. The equal weighted S&P could rip. It could rip... Read More

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Posted: Oct 12 2023, 00:27

Author Name: forexlive

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