Sell the S&P 500 Above 4,200 As 'Economic Ambiguity' Persists: BofA
BofA's top stock strategist backed his call to sell the S&P 500 above 4,200, in part as stocks are pricing in an earnings decline of "just" 4%.
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BofA's top stock strategist backed his call to sell the S&P 500 above 4,200, in part as stocks are pricing in an earnings decline of "just" 4%.
"An estimate of 113,793 unemployment claims were filed by Americans earning over $200,000. This is the highest level since the pandemic."
"Nadella and Co. delivered another masterpiece cloud quarter which will be the focus of the Street and sets a positive tone," Wedbush said.
"As other parts of the economy are slowing, a cycle bottom in housing provides an important cushion to our soft landing thesis," Morgan Stanley said.
There's potential for credit conditions to hold steady if private equity and venture capital firms deploy their $2.2 trillion cash pile.