BofA’s Carey Hall Says Stock Sentiment Nearing ‘Sell Signal’
She forecasts drop of about 14% in S&P 500 to 3,800 by yearend
From earnings to sentiment, good news ‘priced into the market’
Jill Carey Hall, BofA Securities chief U.S. equity strategist, says a lot of good news has already been priced into equities. She speaks on “Bloomberg Surveillance.”Source: Bloomberg
seniorBank of America clients pouring money into the stock market may want to listen closely to the firm’s senior U.S. equity strategist, who sees the S&P 500 heading down and value stocks as the place to be.
“We’re at 3,800 on the S&P 500 for yearend,” Jill Carey Hall said in a Friday interview on Bloomberg TV’s Surveillance. “A lot of the good news has really been priced into the market this year.”
