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BofA: Sell Side Indicator (SSI) sentiment barometer falls in April

May 1, 2024 6:19 AM EDT

The Bank of America Sell Side Indicator (SSI) fell to 54.6% in April after rising over the prior two months, according to the firm in a note Wednesday.

The indicator is BofA's contrarian sentiment barometer, tracking sell-side strategists' average recommended allocation to equities in a balanced fund.... More