BofA’s contrarian sentiment signal is up more than 50% in July after pause in June

seekingalpha08-02

BofA Securities’ Sell Side Indicator is up 30 basis points in July, after a pause last month. The Sell Side Indicator is BofA’s contrarian sentiment signal that tracks sell side strategists’ average ...

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The Sell Side Indicator is BofA’s contrarian sentiment signal that tracks sell side strategists’ average ...</p>\n\n<a href=\"https://seekingalpha.com/news/4132465-bofas-contrarian-sentiment-signal-is-up-more-than-50-in-july-after-pause-in-june\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BofA’s contrarian sentiment signal is up more than 50% in July after pause in June</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBofA’s contrarian sentiment signal is up more than 50% in July after pause in June\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-02 01:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4132465-bofas-contrarian-sentiment-signal-is-up-more-than-50-in-july-after-pause-in-june><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BofA Securities’ Sell Side Indicator is up 30 basis points in July, after a pause last month. The Sell Side Indicator is BofA’s contrarian sentiment signal that tracks sell side strategists’ average ...</p>\n\n<a href=\"https://seekingalpha.com/news/4132465-bofas-contrarian-sentiment-signal-is-up-more-than-50-in-july-after-pause-in-june\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OEF","symbol_name":"标普100指数ETF-iShares","start_time":0,"source_url":"https://seekingalpha.com/news/4132465-bofas-contrarian-sentiment-signal-is-up-more-than-50-in-july-after-pause-in-june","article_id":"2456454156","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1169704211/image_1169704211.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2456454156","pubTimestamp":1722534003,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"BofA Securities’ Sell Side Indicator is up 30 basis points in July, after a pause last month. The Sell Side Indicator is BofA’s contrarian sentiment signal that tracks sell side strategists’ average r","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"OEF":"标普100指数ETF-iShares","SPYD":"SPDR Portfolio S&P 500 High Dividend ETF","SDS":"两倍做空标普500ETF","PEZ":"Invesco Dorsey Wright Consumer Cyclicals Momentum ETF","IVV":"标普500指数ETF","BK4585":"ETF&股票定投概念",".SPX":"S&P 500 Index","OEX":"标普100","BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","SPHD":"标普500高股利投资组合ETF-PowerShares","BK4588":"碎股","BK4550":"红杉资本持仓","SPXU":"三倍做空标普500ETF","AIQ":"Global X Future Analytics Tech ETF","BAC":"美国银行","XLK":"高科技指数ETF-SPDR","SPY":"标普500ETF","BK4581":"高盛持仓","VYM":"红利股ETF-Vanguard","VOO":"Vanguard标普500ETF","BK4504":"桥水持仓"},"translate_title":"继6月份暂停后，美国银行的逆向情绪信号在7月份上涨了50%以上","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIQ":1,"XLK":1,"VYM":1,"SPYD":1,"SPHD":1,"PEZ":1,"BAC":1,"VOO":0.82,"SPY":0.82,"SDS":0.6,".SPX":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"OEX":0.6,"OEF":0.6,"IVV":0.6,"ESmain":0.6},"content_text":"BofA Securities’ Sell Side Indicator is up 30 basis points in July, after a pause last month. The Sell Side Indicator is BofA’s contrarian sentiment signal that tracks sell side strategists’ average recommended allocation to equities in a balanced fund. It ticked up to 55.6% in July, and it is currently at its highest level since early 2022, but still well below its average level in 2021, which is 59%. This suggests that “we haven’t reached dangerous levels of optimism yet,” wrote Savita Subramanian, equity and quant strategist at BofA Securities, in an equity strategy note. She explained that when the signal has been at the current level or lower, the S&P 500 (SP500) has been up 94% of the time, over the next 12 months, compared to 82% overall. The 15-year average is 54.7%, the “sell” threshold is 58%, and the “buy” threshold is 51.3%. July’s increase puts the indicator 2.4 percentage points away from a “Sell” signal, compared to 4.3 percentage points away from a “buy” signal. “While extreme bearishness is no longer a strong tailwind to stocks like it was in 2023, the Sell Side Indicator’s current level still indicates a healthy price return of 12% for the S&P 500 (SP500) over the next 12 months,” Subramanian said. BofA analysts still see opportunities for strong returns within the S&P 500 (SP500) due to equity sentiment improving over the past year. However, a lot of that optimism has been focused on information technology (XLK) stocks and artificial intelligence (AIQ). Currently, high dividend yielders (VYM), (SPYD), (SPHD), cyclicals (GMAEX), (PEZ) and “old school capex beneficiaries” (CAPEXA) have a better return potential than the crowded tech stocks that are spending big on AI, since they could be vulnerable to de-risking, Subramanian said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2456454156"}