Wall Street warming to stocks but sentiment not yet euphoric, BofA says

Analysts continued to warm towards stocks last month but based on past experience their overall level of optimism was still consistent with further gains in shares, strategists at Bank of America-Merrill Lynch said. The investment bank's 'Sell Side' indicator, based on the consensus equity allocation on Wall Street, edged higher for a second month in a row in November, rising from 55.9% to 56.1% and remaining near a six-year high. "The ongoing shift from skepticism to optimism likely reflects ...

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