BofA Strategist Warns US Stocks Unlikely To See Broad Market Gains
BofA Strategist Warns US Stocks Unlikely To See Broad Market Gains
Bank of America's head of US Equity Strategy, Savita Subramanian, expresses a bearish outlook for broad US stock market gains going forward. She indicates that 'the good news is priced in' and maintains a 7,100 year-end price target for the S&P 500, suggesting that sustaining current market-wide gains will be challenging.
The head of US Equity Strategy at Bank of America Securities says broad market gains will be difficult to sustain from current levels. Appearing on CNBC’s Power Lunch, Savita Subramanian says BofA holds a 7,100 year-end price target for the S&P 500 and remains bearish at the index level. She says the best single-index buy today […]
The post ‘The Good News Is Priced In’: BofA Equity Strategist Says US Stocks Unlikely To Clock Market-Wide Gains Going Forward appeared first on The Daily Hodl.