Bank Of America's Sell Side Indicator Shows Wall Street Is Not Optimistic
Rupert Hargreaves2017-06-05T11:00:51-04:00
Bank of America’s Sell Side Indicator, a measure of Wall Street’s bullishness, rose by 0.5 to 54, its highest level since March 2014 during May. While it may seem like all of Wall Street is bullish on equities as the market continues to grind higher every day, this indicator shows that the sell side is, in fact, neutral on many stocks, and sentiment towards equities is only improving on Wall Street, not running away.
Author
Rupert Hargreaves
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Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway.
Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK.
Rupert covers everything value investing for ValueWalk