BofA says cash had largest weekly inflow in 10 months

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BofA remains negative on European equities

January 5, 2024 9:37 AM EST

European equities are priced for macro perfection, according to BofA investment strategist Sebastian Raedler in a note Friday.

Readler told investors that European equities are up by 10% since October and 24% from their trough in Q4 2022, with the rally from the Q4 2022 low "almost entirely been driven by a compression in risk premia, as market sentiment... More

What happens when Santa does not come to town? BofA has the answer

January 5, 2024 7:54 AM EST

The absence of the traditional Santa Claus rally, a period typically marked by positive market trends during the last five days of December and the first two days of January, has raised concerns among investors.

Historically, the S&P 500 (SPX) has seen positive returns during this period about 78% of the time, with an average return of 1.6%, according to Bank of Americas analysis.... More