Bank of America’s Sell Side Indicator, a measure of Wall Street’s bullishness, rose by 0.5 to 54, its highest level since March 2014 during May. While it may seem like all of Wall Street is bullish on equities as the market continues to grind higher every day, this indicator shows that the sell side is, in fact, neutral on many stocks, and sentiment towards equities is only improving on Wall Street, not running away.
Bank of America’s sell side indicator details
According to Bank of America’s research, which is outlined in a Sell Side Indicator report issued earlier this week, the current level...
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