S&P 500 ends near flat; utilities drop, focus on rate outlook

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Go back to S&P 500 ends near flat; utilities drop, focus on rate outlook

Buy this asset class as Wall Street is 'stuck' says BofA quant strategist

October 2, 2023 10:56 AM EDT

Wall 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