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Stocks still have a lot to go by even when the S
In a technical analyst note released Tuesday, BofA argued that “the context remains bullish” for stocks, given the recent golden cross of the S
In addition, generation actions are no longer the shares that lead the higher market, as they begin to gain advantages from expanding leadership in other sectors such as industry, energy and discretionary client, according to BofA.
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This bullish backdrop, supplemented by near-zero interest rates and advanced monetary conditions, “supports the arguments in favor of [the S
A change to 3,800 for the S
As technical signals point to a larger inventory market until 2021, there may be some volatility on the horizon.
According to the note, the inventory market is about to enter the worst month of performance on a seasonal basis.”August marks the beginning of the maximum bearish era of 3 months of the year,” BofA said, pointing out seasonal knowledge about the S
Specifically, September is the month in which investors should be careful, as it is the only month of the year that sees a positive decline in equities less than 50% of the time since 1928.
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Bank of America