Wall Street Is the Most Bullish on Stocks in Almost Two Decades
- 56% of recommendations on S&P 500 firms are buy or equivalent
- Second-quarter earnings season was much stronger than expected
Photographer: Roy Rochlin/Getty Images
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It’s been two decades since Wall Street analysts were this upbeat.
About 56% of all recommendations on S&P 500 firms are listed as buys, the most since 2002. It’s one more data point that shows the extent of the euphoria sweeping markets after a blockbuster earnings season.