S&P 500 ends near flat; utilities drop, focus on rate outlook
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Buy this asset class as Wall Street is 'stuck' says BofA quant strategist
October 2, 2023 10:56 AM EDTWall Street is bearish and stuck, according to BofA equity and quant strategist Savita Subramanian in a note Monday.
Subramanian told investors to buy stocks and sell bonds as Wall Street is "conviction-less," and sentiment is unchanged since July despite the macro drama.
"Our Sell Side Indicator (SSI) is a contrarian sentiment barometer that tracks sell side strategists' average recommended... More
