BofA: One Of The Best Market Indicators Is Predicting Another 30% Return For Stocks
Bank of America Merrill Lynch‘s contrarian Sell Side indicator, which gauges Wall Street’s sentiment toward stocks, climbed to 47.3 in March. However, it’s still at a level that reflects extreme bearishness. Here’s an excerpt from BAML’s report (emphasis ours): Indicator’s expected 12-month total return is +28% With the S&P 500’s indicated dividend yield above 2%, […]