BofA Shared Its Sales Indicator
BofA shared its sales indicator. According to Bank of America's sales indicator, the markets are in an unprecedented optimism.
BofA shared its sales indicator. Accordingly, the markets are in an unprecedented optimism.
BofA shared its sales indicator. According to the sales indicator prepared by , following expressions were used, “For the first time since 2011, the result of the indicator indicates that the returns will fall to a single digit in the next 12 months.” However, stocks are still attractive compared to bonds with almost zero returns, according to Bank of America. It is stated that the rise in the Wall Street market was caused by low interest rates. The bank maintains its neutral stance on the S&P 500, setting a price of 3,800 for the end of the year. Also noted that, according to the bank's rating, the reason why BofA insists on the price it has set is the overly optimistic markets and valuations.Related News
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