BAML indicator still flashing a Buy

|By:, SA News Editor

BAML's Sell Side Consensus indicator - reliably flashing a Buy on stocks for more than a year - still reads a Buy, but barely so. The indicator is a contrarian signal - when readings show extreme bearishness on equities, it's bullish for stocks.

Rising bullishness among the sell-side has brought the gauge to nearly a Neutral reading, but it remains far below the level necessary to generate a Sell call.

Broad large-cap ETFs: PRF, VV, SCHX, NY, JKD, FEX, EQL, EEH, SPXH, TRSK, FWDD, PXLC, ALTL, SYE