A snippet from Bank of America's Savita Subramanian, head of U.S. equity and quantitative strategy.
- “Our bull market signposts suggest the S&P 500 may not break out just yet”
Only half of the 'signposts' BoA look for, such as Fed rate cuts and a steepening yield curve (see pic below), are triggered, whereas around 80% are prior to the market hitting a trough:
- 50% are triggered vs. 80-90% ahead of prior S&P 500 market bottoms
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'Twas a positive day for US equities:
