Barclays Upbeat on Stocks, Joining Goldman, Morgan Stanley
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS stocks are flashing their strongest buy signal in almost a year, according to Barclays’ Alex Altmann, who joins a growing chorus on Wall Street saying the worst of the recent rout may be over.
Barclays’ Equity Timing Indicator, or BETI, dropped to negative 8.3 overnight, its lowest level since President Donald Trump’s tariff turmoil last April, Altmann, the bank’s global head of equities tactical strategies, wrote in a note to clients Tuesday. It reached a threshold that has historically marked “highly attractive” entry points for stocks.