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"The powerful rebound means our previous three-month target of 2,400 is unlikely to be realized," writes David Kostin and team, now expecting any downside risk to be capped at 2,750. As for up
Even with the big rally in stocks, equity allocations among Bank of America clients have dropped by 300 basis points to 57.1% and cash allocations have risen to 14%, says Savita Subramanian.That "
The current rally has seen the S&P 500 retrace about 61.8 of its losses, but more or less stall over the past few weeks, says Bank of America Global Research.That action "rhymes" with the
via Carl QuintanillaSounding more bullish about the outlook than anyone out there, JPMorgan says the U.S. passed its peak in new cases three or four days ago, and expects a limited reopening of the ec
"Bear markets end with recessions, they don't begin with them," says Morgan Stanley strategist Mike Wilson.Wilson's take is that the bear market didn't begin two months ago, but instead two ye
Reminding Seinfeld fans about the "summer of George episode," the team at Bank of America calls this past few months "the summer of bonds." The 10-year Treasury yield fell about 100 ba
Apple is scheduled to release earnings on July 30 after the market close. And even if you don’t own the stock, you may just own the stock. What do I mean? According to Bank of America Merrill Lynch strategist Mary Ann Bartels and team, it is the second-largest holding in U.S. exchange-traded funds to the tune of $57 billion invested in 241 ETFs, with only Microsoft larger.
Given the bullish trends, high-beta products will continue to generate outsized returns in the coming weeks and is suitable for risk-tolerant investors given its volatile nature.
Successful investing doesn't need to be too complex or sophisticated. It all comes down to relying on time-proven return drivers to make investment decisions based on solid statistical evidence as opposed to emotions and speculation.
The economic calendar is very light, and it is a holiday-shortened week With coverage focused on the Olympics, what time and space remains will invite pundit opinion about last week’s stock rebound and the question: Is the coast clear?