Bank of America has identified a major discount in the stock market that’s about to get even more enticing
|04/07/2018||Posted by BusinessMediaguide.Com under General World News||
- The sell-off in stocks has cheapened the market.
- Ahead of the all-important earnings season, quant strategists at Bank of America Merrill Lynch say one sector on the S&P 500 outranks every other in their model.
Here’s one benefit of the stock market’s decline this year: it’s cheaper to buy.
And according to quant strategists at Bank of America Merrill Lynch, no sector looks better than technology.
The S&P 500 Information Technology sector has declined by more than 5% since January 21, when the stock market peaked, although it’s still green for the year. The drop has been due to read more >>>