5 reasons why S&P 500 is likely to trade at 5,000 by end of 2024 - BofA's quants
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November 21, 2023 9:04 AM EST
Last week, Bank of America's corporate clients executed the second-largest share buybacks in the bank's records dating back to 2010, according to strategists led by Jill Carey Hall.
Buybacks are currently tracking above seasonal levels for a second consecutive week. However, year-to-date (YTD) buybacks as a percentage of S&P... More
November 21, 2023 8:35 AM EST
Global markets are still in the rally mode with sentiment broadly favorable and notional levels rising across various regions, according to Citis Chris Montagu.
However, there are risks associated with legacy short positions, particularly in the recent surge of U.S. equities, which is leading to increasing... More
November 21, 2023 6:43 AM EST
Goldman Sachs strategists are adopting a neutral stance across various asset classes for 2024, including equities, bonds, credit, commodities, and cash. The focus is on diversification with expectations of modest returns.
The strategists led by Christian Mueller-Glissmann highlight the intention to be fully invested after maintaining an overweight position in cash for the last two years.
Bond yields are higher, making fixed income more... More
November 21, 2023 6:22 AM EST
Bank of America technical strategist Stephen Suttmeier weighed in on the recent price action in U.S. indices and ETFs following a sharp rally in the last few weeks.
Analysts highlighted the fact that several key U.S. indices and ETFs are forming substantial bases. The development of... More
