Sell Side Indicator News Today

Bank of America's contrarian stock market indicator is just three percentage points away from flashing a bullish reading.

None Stocks are edging closer to a "buy" signal, according to BofA's contrarian market indicator. • None The bank's Sell Side Indicator is just three…

(Bloomberg) — Bonds climbed after the Federal Reserve decision was not as hawkish as feared by Wall Street, with Jerome Powell saying it’s unlikely the next move will be a rate hike. Treasuries also gained as the Fed agreed to slow the reduction in its bond portfolio. US two-year yields dropped below 5% as swap…

(Bloomberg) — Stocks extended this week’s losses after weaker-than-estimated economic data, with traders expecting the Federal Reserve to signal their rate-cut plan remains on hold. Equities edged lower after data showed US factory activity contracted — while input prices rose at the fastest pace since 2022. Separately, job openings figures signaled more softening in the…

(Bloomberg) — Wall Street traders sent both stocks and bonds lower after solid US factory data reinforced speculation that the Federal Reserve will be in no rush to cut interest rates. Treasuries fell across the curve — with 10-year yields climbing over 10 basis points — as manufacturing unexpectedly expanded for the first time since…

Economic data point to a soft landing, and the numbers are why bad news hasn’t made much of a dent.

"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria," famed investor Sir John Templeton once said.

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Shares to open up, tracking Wall Street tech rally; Apple leaps more than 3pc; Synlait ups milk price forecast; Whitehaven output soon. Follow updates here.

Markets have been highly volatile over the past few months, shifting rapidly between ups and downs. However, Bank of America strategist Savita Subramanian…