Bank of America indicator says stocks to go higher , +11% in the next 12 months

July 02, 2020 at 12:38AM

Via a note from BoA Wednesday US time
Bank of America’s "Sell Side Indicator" up to 55.8% from 54.9% in June
– the reading implies an 11% return for the S&P 500 over the next 12 months

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