Street

“Sell The Vaccine”: Euphoric Wall Street Goes “Full Bull” As Optimism Hits 20 Year High, Prompting BofA To Turn Bearish

Last Friday we reported that after looking at the wave of euphoric bullishness sweeping across on Wall Street sparked by a combination of a (newly) bullish lack of a blue wave coupled with imminent vaccine hopes, BofA’s Chief Investment Officer stood out amid the crowd of Wall Street cheerleaders and urged the bank’s clients to…

Wall Street Bonuses “Wrecked By Pandemic” 

It certainly has been a chaotic year for finance professionals, many of whom have been forced to work from home or, for some, work from the Hamptons. As early as May, we outlined how Wall Street bonuses for 2020 were expected to slump. With 49 days left in the year, New York consulting firm Johnson Associates confirmed in a…

In Stark Reversal To Wall Street Bullishness, Bank of America Now Says To “Sell The Vaccine”

To say that this week’s Pfizer virus news was seen by markets as positive for risk assets would be an understatement: according to BofA’s Chief Investment Strategist Michael Hartnett, this week’s inflow into equities was an all-time record of $44.5 billion… … which consisted of:  US equities $32.5bn inflow = 2nd largest ever; EM equities…