Dow, S&P close lower as manufacturing data lifts yields
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April 1, 2024 10:56 AM EDT
In a note to clients Monday, analysts at Argus assessed whether April is a good month for stocks, noting that the average gain for the S&P 500 in the month of April since 1980 is 1.70%.
As a result, the firm revealed that April is, in fact, the second-best... More
April 1, 2024 9:57 AM EDT
Oppenheimer said in a research note to clients Monday that the market strength should continue.
The firm's view comes as it notes that the "right" benchmarks are showing confirming strength, meaning their ability to reach new highs together indicates continued strength.
Overall, the firm feels speculative themes... More
April 1, 2024 8:33 AM EDT
Bank of America told investors in a research note Monday that while sentiment is ticking higher, there is "still no euphoria."
Analysts at the investment bank explained that its Sell Side Indicator (SSI), a contrarian sentiment barometer that tracks sell side strategists average recommended allocation to equities in a balanced fund, ticked up 22bp to 55% in March, the... More
