24.5 C
New York
Saturday, August 13, 2022

BAML Bull & Bear indicator still says “sell”

BAML Bull & Bear indicator still says BAML Bull & Bear indicator still says “sell”

LONDON (Reuters) – Bank of America (NYSE:) Merrill-Lynch’s barometer of market sentiment remained in ‘sell’ territory on Friday, after a week of market turmoil which has left U.S. equities down more than 10 percent from their peaks and in so-called ‘correction’ territory.

BAML’s ‘Bull & Bear’ signal fell to 8.5 from 8.6 last week but that, according to its strategists, remains in “excess bullish” territory and still signals a “sell”.

The indicator had jumped from 7.9 to 8.6 on Jan 30, driven up by record inflows to equities and bullish hedge fund risk appetite.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -

Latest Articles

Popular Articles