Investing

Wall Street is getting very bullish as stocks hit records

0


As the S&P 500 has broken out of its trading range into record highs, euphoria has been growing — fast.

Technicians like Stephen Suttmeier at Bank of America Merrill Lynch have been positively giddy recently, noting a bullish rotation into cyclicals, but also to value from growth, high beta from low volatility, cyclicals from defensives and small caps from large caps.

It’s not just technicians. Strategists and retail investors are gaga with enthusiasm:

1) Barclays says small caps are at an inflection point and poised to outperform: “Headwinds have subsided,” they declare.

2) Bank of America also expects the cyclical rally will continue: “We think the stage is set for a restocking-driven…



Source cnbc.com

Economic growth close to negative for Q4, according to Fed gauges

Previous article

What happened to the stock market Friday: Kudlow lifts trade hopes

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Investing