![]() “The SSI has been a reliable contrarian indicator – in other words, it has been a bullish signal when Wall Street was extremely bearish, and vice versa…” Subramanian wrote, and added, “While higher rates have weighed on equity sentiment, we believe corporates and consumers may hold up better than expected as they have time to adapt.”Īccording to Subramanian, the Sell Side indicator is pointing toward ~11% gain on the S&P 500 index in the year ahead. ![]() Currently, the indicator is three times closer to ‘Buy’ than ‘Sell,’ a position that suggests a bullish future for equities.” Subramanian is pointing out the Sell Side Indicator, a sentiment gauge with an accurate history of identifying shifts in sentiment on Wall Street. However, Bank of America strategist Savita Subramanian sees a strong ‘Buy’ signal that investors should note. Markets have been highly volatile over the past few months, shifting rapidly between ups and downs.
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